Related News

HomeBusinessReal Estate

Sun Hung Kai H1 profit drops

SUN Hung Kai Properties Ltd, the world's largest builder by market value, yesterday said its first-half profit excluding property revaluations fell a more-than-estimated 27 percent as Hong Kong's economic slump reduced home sales.

Sun Hung Kai's property sales fell 8 percent as the global financial crisis pushed Hong Kong's economy to its steepest contraction since 1998 last quarter. Home prices in the city, a trade hub for Chinese mainland, dropped as much as 25 percent from last year's peak as exports slumped and unemployment rose.

 

Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

娌叕缃戝畨澶 31010602000204鍙

Email this to your friend