This post was originally published on South China Morning Post.
Hong Kong developers Wharf, CK Asset gear up to launch luxury projects as surging stock market creates vast new wealth
Some of Hong Kong’s biggest developers are seizing the moment to launch their super deluxe projects to capitalise on a surging stock market and the prospect of a market recovery in the second half of the year.Wharf (Holdings) and CK Asset Holdings are lining up to release their new developments on The Peak and in the Mid-Levels soon, with one house carrying an estimated price tag of HK$812.68 million (US$104.83).Wharf is going to offer its second project on The Peak, on Peak Road, for sale…