‘The global economy is expected to remain challenging in 2025’, says CK Asset chairman Victor Li Tzar-kuoi.
CK Asset and Henderson Land missed 2024 profit targets due to weak property sales in Hong Kong and mainland China amid a real estate slump, with revaluation losses further impacting their financials. CK Asset's net profit fell over 21% to HK$13.65 billion, while Henderson's declined nearly a third to HK$6.3 billion. CK Asset's mainland home sales plunged 84%, offsetting gains from rental revenue and successful projects. Both companies anticipate continued economic challenges in 2025.
