According to the comprehensive media reports, Cheung Kong Holdings Ltd. (01113.HK) executive director Zhao Guoxiong expects that there will be little downward pressure on the property market, believing it will be difficult to replicate the situation of 'mortgage price bombs,' estimating that prices of small and medium-sized residential properties are expected to rise by 5% next year, while luxury residences may see high single-digit to low double-digit percentage increases of 8% to 10%.

In addition, he revealed that Cheung Kong's super luxury residence at 21 BORRETT ROAD in Mid-Levels will launch the second phase unit tender next year, involving a total of 66 units. The development obtained a presale consent letter in 2018; as for the first phase of mid-to-high level units, seventy-eight units have already been sold.

Regarding the situation where only Cheung Kong participated in the tender of the Energizing Kowloon East project on Kai Tak Road / Sha Po Road, being rejected by the authorities, Zhao Guoxiong stated that he respects the decision and emphasized that the project's failure to attract bids was not due to pricing issues. Speculation that Cheung Kong bid too low is unfounded. If the project is re-tendered in the future, the group will study the tender terms before deciding whether to bid again.