Wheelock and Company (0020) chairman Douglas Woo Chun-kuen, expects property prices to fluctuate this year, and says a low-interest-rate environment will be favorable for home buyers. Woo hopes transitional housing can make progress in a year. Wheelock and Co previously said it will lease out 500,000 square feet of land to build more than 2,000 transitional homes. Wheelock refused to answer any questions about the previous privatization at the press conference.

Source: The Standard March 11, 2020 09:45 UTC