Posted 3/11/2024, 12:30:16 AM
HK tycoon bullish on market outlook, sees property rebound amid global rate cuts
- Property tycoon rejects claim that "Hong Kong is over", says every market has cycles
- Points to unfair comparison of Hang Seng performance vs. S&P 500 over 20 years
- Optimistic about China's economic prospects despite overbuilt property market
- Expects 20-30% jump in HK property transactions in 2023 amid global rate cuts
- Calls for attracting more foreign talent to maintain HK's international character
