Hong Kong’s largest developers have shed a fifth of their market value this year, owing to the city’s dollar peg.
The policy of following the US Federal Reserve has forced the city to match the “higher for longer” approach to interest rates.
Five of Hong Kong’s biggest developers – Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Sino Land and Hang Lung Properties – have lost $20bn in market value this year.
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Including:
The site will be turned into 261 short stay serviced bedrooms
Rising remote and video appeals offer an opportunity to reduce space
JV plans for 166,500 sq ft of Grade A urban logistics development granted
The 82-acre land has a potential to deliver 1.2m sq ft of logistics space
