Hon Kwok Land expects down-range of HK property in second half less than 5%

Hon Kwok Land Investment (0160) Managing Director Fung Man Hei Herman said at the shareholders special meeting that the Hong Kong property sector is expected to be stable in the second half of the year and the down-range would be lower than 5%. With an annual rental income of HK$50 mln, the company sold 60-70 units in the first half of this year and there are 100-200 units for sale.

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