Hang Lung: China's Property Market to Remain Weak

The transcript discusses the real estate market performance in China and Hong Kong, highlighting a 25% drop in 2024 due to provisions and revaluations. Despite challenges, underlying rental numbers show less severe declines. The retail sector faces mixed results, with luxury sales struggling in first-tier cities but performing better in second-tier cities. Hong Kong's real estate market is challenging, with office and retail rental revenues falling. The company maintains a strong financial position and is cautiously optimistic about future growth, focusing on selective acquisitions and market stabilization.

What are the expectations for growth in 2025 as discussed in the text?

What challenges are faced by the office market in Hong Kong according to the text?

How does the fundraising environment in Hong Kong affect the industry as mentioned in the text?