Sun Hung Kai Properties reported a 17 per cent drop in underlying profit to HK$23.88 billion (US$3.04 billion) for the year ending in June, according to a filing with the Hong Kong exchange.
Readers urge MTR Corporation to make unsuccessful property development bids public, and suggest the government find revenue alternatives to land sales to solve the housing crisis.
Up to HK$280 billion (US$36 billion) of new homes may find buyers in 2022, marking the second year that annual transactions have risen, amid the bull run in the housing market, according to Centaline Property.