On the rise: A woman jogs past buildings developed by Sun Hung Kai Properties in Hong Kong. Its property sector is expected to see a pick-up in consumer activity. — Bloomberg
HONG KONG: The worst is likely over for Hong Kong’s residential real estate market and home prices should resume their upward trajectory from this month to rise as much as 10% by the end of the year.
That’s according to Citigroup Inc, which also said in a report dated May 4 that now is a good time for investors to buy the shares of Hong Kong retail landlords on expectations of a pick-up in consumer activity.
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