Market sentiment doesn’t faze Wing Tai Properties

Developer will forge ahead with luxury building in Hong Kong and serviced flats in Shanghai

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Karen Li says there is always a market for properties in a good location. Photo: Jonathan Wong

Published: 3:15pm, 8 Apr 2014Updated: 3:09am, 9 Apr 2014

Wing Tai Properties is unworried by market sentiment in Hong Kong, with plans to sell new projects in the city and launch more serviced apartments in the region.

Karen Li Kan Fung-ling, the firm's director of corporate development, said it does not fret over government measures to cool down the property market.

"I am very optimistic that there will always be someone who would like to buy property. As long as you have a project in a good location, the buyers will come," Li said.

This year, Wing Tai plans to market a luxury residential project at Ho Man Tin, with 173 units occupying a total floor area of 153,510 square feet.

Another new luxury residential project will be sold in Shanghai, with a total floor area of 207,449 sq ft. Li said she believed there would be fewer than 100 units.

Hong Kong-listed Wing Tai Properties is part of Singapore developer Wing Tai Holdings, which was founded in 1963 and was listed there in 1989.

Besides being a developer of residential and office buildings, Wing Tai Properties also runs hotels and serviced apartments and provides management services for other companies under its wholly owned hospitality arm Lanson Place Hospitality Management.