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HK's Li Ka-shing says property sales worst in 13 years

HONG KONG] Asia's richest man, Li Ka-shing, says his business has suffered its worst year in more than a decade as measures to cool one of the world's most expensive real estate markets take their toll on Hong Kong's powerful developers. "We only recorded about HK$4 billion (US$515.97 million) of property sales for the entire year, merely 15 percent of the total sales in between HK$26 billion to HK$27 billion during the past two years," Mr Li told the Guangzhou-based Southern Metropolis Daily in an interview published on Thursday - Reuters

Source: Business Times Breaking News

If drop 20% or absorb stamp duty, confirm hit target.

SHK and Sino/Hopewell projects selling well leh...

when will it bottom?

(28-11-2013, 08:48 PM)opmi Wrote: [ -> ]If drop 20% or absorb stamp duty, confirm hit target.

SHK and Sino/Hopewell projects selling well leh...

listen to not what Superman say but observe what he do. This guy is not as "philanthropic" as Buffett

(29-11-2013, 12:32 PM)specuvestor Wrote: [ -> ]

(28-11-2013, 08:48 PM)opmi Wrote: [ -> ]If drop 20% or absorb stamp duty, confirm hit target.

SHK and Sino/Hopewell projects selling well leh...

listen to not what Superman say but observe what he do. This guy is not as "philanthropic" as Buffett

Completely agree. But unlike WB. , Superman is from "The man in the street" who sold plastic flowers. So that's why he is nicknamed as "SUPERMAN".
So any IPO from him, i think twice. No, correction, thrice. And why in Singapore and not HK is more than enough for me to be very wary? You say common-sense or emotion. It's up to you. i think either one is right is more than enough.