Swire Chief believes possible interest rate hike would not hugely impact property prices

Posted: Aug 15 2014Last Updated: Feb 11 2016
Swire Properties15 August 2014 - Swire Properties (1972) yesterday announced its interim results for 2014. First-half underlying profit rose 34 percent to HK$3.78 billion from a year earlier, beating analysts' estimates, on higher rental income and higher home sales.
Gross rental income from its offices rose 6.5% to HK$2.79 billion and earnings from home sales more than doubled to HK$807 million due in large part to profits obtained from two local luxury projects: “Mount Parker Residences” and “Argenta”.
Commenting on how demand for luxury homes has picked up over the last three months, Swire Properties Chief Executive Martin Cubbon is confident that the trend is likely to continue into the second half. He also said that a possible interest rate hike would unlikely have a huge impact on property prices.
Please click here for more details.

You May Also Like

Despite the Current Coronavirus Crisis, Real Estate Experts Don’t Foresee Prices Fal

12 March 2020 - Amidst the black-swan emergence of the coronavirus, rather than simply state my own views about the potential impact on property prices, I want to also summarize what various real estate experts across different parts of the industry
By: Joshua Han Miller

7 Tips to Consider if You Plan to Sell Your Home in Hong Kong

5 October 2020 - Events over the past year or so have contributed to significant economic turmoil in Hong Kong and by extension seriously upset the once predictably expensive local home property market. As a result, increasing numbers of homeowners
By: OKAY.com
More Insights

Tight on time? Let us do the searching for you!

OKAY.COM - iOS App StoreOKAY.COM - Android Play Store
Let's Connect
15/F, Wilson House, 19-27 Wyndham St., Central, Hong Kong
+852 2102 0888
Do you want to login
You already have an account with us? How about logging in?