Castor Pang Prop Quotations

Rental income is quite stable when compared with the income of property developers.

I won't be surprised to see more falls in the property and financial sectors even if presales of apartments continue to do well. Investors are worried now by prospects of rate hikes larger than those in previous months.

Gains on Wall Street and Tokyo provided support to the local market. Properties led (the gains) as many developers will launch new projects for sale.

Property and banking stocks will continue to be the drivers of the market with people expecting the interest rate hike cycle nearing its peak.

Most investors believe interest rates will peak in the next quarter which means property developers should rebound soon.

The market was largely supported by the property sector as interest rate worries eased after the release of the US Fed minutes.

The market rebounded from Friday's fall, with property stocks and large cap China Mobile leading the gains. Tokyo market's rally this morning boosted market sentiment.

China will pressure investors to invest in the stock market rather than the property market, in order to prevent further property bubbles.