Luo Xurui expects property prices in Hong Kong to have a large decline

Luo Xurui expects property prices in Hong Kong to have a large decline

Regal International (078), Paliburg (617) and Century City International (355) held a shareholders meeting yesterday. Chairman Luo Xuri said after the meeting that he has confidence in the long-term market, Hong Kong has long-term demand and believes in the property market. Can develop healthily under the government’s spicy tricks. Although the stock market has recently been affected by the trade war, the property market is still performing well. The real estate developers are also aggressive in investing in land prices. I believe that there will be no major decline in property prices. The Group will continue to actively carry out the acquisition of old buildings in the future.

In terms of hotel business, Luo Baowen, vice chairman of Regal International, said that the hotel business was expected to grow rapidly this year. However, due to the trade war, the hotel’s hotel business remained flat for the first four months, and remained optimistic for the second half of the year. After the decline, there will be better performance, and the 12th hotel will be opened by the end of next year.

Luo Laotai is disappointed with the verdict

As for the case of the Eagle King Group (041) founder Luo Yingshi’s widow Luo Dulijun (Lao Laotai) accused HSBC International Trust, last month, Luo Laotai was defeated, and second son Luo Xuri said that Luo Laotai’s sense of judgment Disappointed, because she believes that what she has done is correct, and she has paid a lot for the family in the past, hoping to “do a big thing” for the family. In addition, the current team of lawyers is studying the case and will eventually be decided by Luo Laotai.