Cheung Kong : not cut down housing price after US rate cut; lessens preference

Qiu Kwokhung, executive director of Cheung Kong (0001) said there are not a lot of newly launched units. After US rate cut, the company did not intend to downward adjust housing price but decrease preference of selling houses.

 

He expected housing price would fluctuate alongside Hong Kong inflation and see little up-range this year 

 

He also said one more US FED rate would positively influence Hong Kong housing market, not only weighing down peopleˇ¦ burden in paying for house monthly, but also leading the whole economy. He added that any housing and housing owner would be benefit from rate cut, in particular those with high quality.

Related stock : (1)