Sun Hung Kai Properties. One of Hong Kong's top three property developers, with a tilt towards the residential market. Unlike most world property markets, prices in Hong Kong are actually below those of ten years ago. Meanwhile, affordability has improved significantly. Local banks have very low loan-to-deposit ratios and thus credit is available, and cheap. The local dollar's peg to that of the U.S. is also likely to create a perverse reaction - as although the currencies are linked, interest rates are not and it is likely that local rates tumble to absolutely minimal (and negative real) levels. With a strong balance sheet, good land bank and a long tail of projects to be developed, the company should be a prime beneficiary of the upturn now commencing.
| Sedol |
Type |
Price |
Date |
| 6859927 |
Buy |
HKD 147.00 |
04/02/2008 | |
