Donald Cheung from Emperor International predicts residential prices to decline

Posted: Jun 20 2014Last Updated: Jul 14 2017
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20 June 2014 -  With a limited number of new developments launched last year, Emperor International announced its net profit for the year ended 31 March 2014 decreased 69% y-o-y. Donald Cheung, Executive Director of Emperor International, said, “The group will launch its 42-storey sea view luxury project in Connaught Road West, Sai Ying Pun, in the fourth quarter this year. We are confident on its upcoming launch.”
 
Donald Cheung also took note of the fact that many developers have recently adjusted asking prices by 20% to 25% upon the launch of various developments. He thinks that residential prices are likely to decline and does not see a rise in the near future. He also added that the group has uploaded the latest version brochure of “18 Upper East” online but is not in a rush to launch.

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