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Hong Kong’s Property Market Fears Haven’t Impacted This Developer

Paul Panckhurst, Shawna Kwan
Hong Kong’s Property Market Fears Haven’t Impacted This Developer

The risk of a meltdown in Hong Kong’s bubbly property market has weighed on the shares of all local developers traded on the city’s stock exchange this year except one: Swire Properties Ltd. The firm has pulled away from the pack for a variety of reasons, from an asset sale to rising rental income, according to Patrick Wong, an analyst at Bloomberg Intelligence.