Zhang Yadong, chairman Hangzhou-based Greentown China, said an expected economic recovery and the release of pent-up housing demand would trigger a turnaround in the second half of next year.
(Bloomberg) Morgan Stanley abandoned its “too optimistic” call for Hong Kong residential property values to rebound this year, and now sees the market suffering two additional annual declines. Most Read from BloombergIsrael Latest: UN Staff Given Evacuation Order for Northern GazaTop House Republican Wants Help From Democrats to Pick a SpeakerIsrael Latest: Hamas Leaders Targeted as Ground War LoomsScalise Ends House Speaker Bid, Deepening Republican TurmoilGhost in the Machine: How Fake Part
Stocks in Hong Kong and China closed the week out lower Friday as weak consumer sentiment and property market jitters resurfaced. The Hang Seng Index ended a three-day winning streak to end down 2.2% at 17,813.45 while China’s CSI 300 Index closed 1.1% lower at 3,663.41.
Hong Kong Home Prices to Slump Through 2024, Morgan Stanley Says bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.