China's Rich Spend Millions on Shanghai Property, Bucking Crisis [Yahoo! Finance]
SUN HUNG KAI PY LTD S/ADR (SUHJY)
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Source: Yahoo! Finance
Apartments worth $3.8 million were five times oversubscribed. Most Read from Bloomberg Jain Global Raises $5.3 Billion, Secures Cash From Abu Dhabi How Long Can High Rates Last? Bond Markets Say Maybe Forever BuzzFeed Struggles to Sell Owner of Hit YouTube Show ‘Hot Ones' Tech Hits Stocks as Nvidia Extends Selloff to 13%: Markets Wrap Nvidia Sales Grow So Fast That Wall Street Can't Keep Up Shanghai's luxury real estate market is a bright spot in China's bleak property sector. It's the only one among the country's mega cities that's still attracting people to put down money in an asset class that has otherwise been abandoned. The move is driven by rich Chinese — many dwelling in the Yangtze River Delta region that Shanghai is part of — who are parking their money only in surefire investments. The recent buyers still see luxury residences as an optimal choice, given Shanghai's financial hub status, the scarcity of supply of such dwellings and the discount that new offer
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News
- Sun Hung Kai Properties' Flagship Project TOWNPLACE WEST KOWLOON Hits towards 90% Occupancy Rate, Unveils a Total New Perspective of Hong Kong Victoria Harbour [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sun Hung Kai Properties' Flagship Project TOWNPLACE WEST KOWLOON Hits towards 90% Occupancy Rate, Unveils a Total New Perspective of Hong Kong Victoria Harbour [Yahoo! Finance]Yahoo! Finance
- Sun Hung Kai Properties' Flagship Project TOWNPLACE WEST KOWLOON Hits towards 90% Occupancy Rate, Unveils a Total New Perspective of Hong Kong Victoria HarbourPR Newswire
- Market Darling Abercrombie & Fitch to Make a Full Comeback to HK [Yahoo! Finance]Yahoo! Finance
- Hong Kong Tourism Board Elevates the "Sun Hung Kai Properties Hong Kong Cyclothon" to a Sports-themed Carnival Calling 6,000 Cyclists to the City's Largest Cycling Event [Financial Post (Toronto, Ontario, Canada)]Financial Post