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Mar

22

Li Ka-Shing Signals Hong Kong Property Rebound Could Last Years

By Tony Seruga

Tycoon says demand is strong despite government property curbs
Li dodges questions as to who he’ll back in upcoming elections

Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd. and Cheung Kong Property Holdings Ltd., waves as he leaves a news conference in Hong Kong, China, on Wednesday.

Photographer: Justin Chin/Bloomberg

Hong Kong’s richest man signaled that the property rebound that’s been pushing up prices in the world’s most expensive housing market could persist for as long as two years as growing demand outweighs government curbs.

“I cannot see how property prices would fall in the coming one to two years,” Li Ka-shing, the 88-year-old head of Cheung Kong Property Holdings Ltd. and CK Hutchison Holdings Ltd., said during his annual earnings press conference on Wednesday. “The force from buyers is very strong.”…

Li Ka-Shing Signals Hong Kong Property Rebound Could Last Years

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