HONG KONG Aug 1 Cheung Kong (Holdings) Ltd
, Hong Kong's second-largest property developer, posted
a 13 percent fall in first-half net profit to HK$13.4 billion
($1.73 billion), weighed down by sluggish home sales as a series
of cooling measures took a toll.
The developer sold 267 units in the city for HK$2.8 billion
in the first half of 2013, less than a tenth of its 2013 sales
target, according to BNP Paribas property analyst Wee Liat Lee.
Hong Kong, where property prices are among the most
expensive in the world, has imposed a series of tightening steps
since October 2009, such as higher taxes on foreigners,
increased stamp duties, mortgage restrictions and duties on
($1 = 7.7553 Hong Kong dollars)
(Reporting by Yimou Lee; Editing by Lee Chyen Yee and Matt