Hong Kong Land Prices Baffle Tycoon With 50 Years Experience

Updated on
  • Lui’s development arm outbid in 16 land tenders this year
  • Home prices are rebounding after slumping earlier in year

Lui Che Woo.

Photographer: Calvin Sit/Bloomberg

After more than 50 years as a Hong Kong developer, octogenarian billionaire Lui Che-Woo says he’s having trouble reading the city’s property market these days.

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