Hong Kong’s luxury property segment is showing signs of a revival, with mainland buyers returning to the market. Analysts expect developers to ramp up supply amid increasing demand and lower rates ahead.
By Sherry Qin Shares of Wharf (Holdings) dropped sharply amid broad selloff of property stocks in Hong Kong. The Hong Kong-based developer's shares were last.
Wharf Hotels, the hospitality arm of property developer Wharf Holdings, is expanding its footprint in mainland China as the country’s tourism sector rebounds, in a move that also reflects its anticipation of higher occupancy ratios and increased room rates, as corporate spending surges.