26 August 2014 - Chairman of K Wah International, Lui Che Woo, the second richest man in Asia and Hong Kong shared his point of view on the Hong Kong residential market.

 

K Wah International (0173) announced its interim results yesterday and Chairman, Lui Che Woo, said in the press conference that he expects the prices of low end properties to continue to rise steadily, but that the high growth of 20-30% seen several years before is in the past.

 

Lui also expects prices for high end properties to flatten out, yet noted that buyers with purchasing power may enter the market amid a low interest rate environment and cash depreciation. Please click here for more details.