Adrian Cheng’s resignation marks turning point for New World Development
Inside Retail
OCTOBER 2, 2024
“The economic reasons behind the losses are elevated interest rates and weak consumer and business confidence in Hong Kong, which has affected rental income and property valuation,” Gary Ng, senior economist at Natixis, told Inside Retail. “It per cent at the end of last year compared to 41.4 per cent at Henderson Land Development and 21.2
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