WNA Globe

World News by Wild Rose

#Property Market ร—

Hong Kong home sales recovery expected to boost developersโ€™ earnings

Hong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sectorโ€™s recovery is sustainable. Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit growth of 8 per cent year on year, excluding New World Development, according to a report published on July 15. โ€œWe expect the Hong Kong...