Hong Kong property has far more upside potential

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Hong Kong equities are being helped by the strong recovery in the property market. In the year to da...

Hong Kong equities are being helped by the strong recovery in the property market. In the year to date the Hang Seng property index has risen some 27.5% in local currency terms, and is up some 80.51% on a 12-month view. As property is responsible for about half the equity market's performance, it is no surprise that the Hang Seng has gone up 44.37% in local currency terms. William Russell, assistant director of Pacific Basin equities at Royal & SunAlliance, says property has reached the bottom of its cycle and he expects it to pick up in the second half of 1999 as confidence grows. Russe...

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