Property prices swell Hong Kong’s biggest fortunes | Bangkok Post: business

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Property prices swell Hong Kong’s biggest fortunes

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The real-estate boom in Hong Kong has boosted the fortunes of some of its wealthiest tycoons, according to the latest “rich list” released by Forbes magazine. 

The property index on the Hong Kong Stock Exchange gained 38% last year against 20% for the Hang Seng Index

Forbes said that with real estate being among the territory’s favourite pursuits, nearly two-thirds of the list’s 50 members expanded much of their wealth because of property investment or development.

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