Market Chatter: Two Hong Kong Developers to Raise Prices in Anticipation of Better Government Support

MT Newswires Live10-14

Sun Hung Kai Properties (HKG:0016) and CK Asset (HKG:1113) plan to increase prices as they await better support following Wednesday's policy address and the impact of stimulus measures from mainland China, The Standard reported Monday.

The policy address of Hong Kong Chief Executive John Lee Ka-chiu and Beijing's stimulus package will help activate the economy, the report said, citing CK Asset.

Sales by the two developers have been rising on the heels of low interest rates, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $85.40, Change: $+0.80, Percent Change: +0.95%

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