HONG KONG, July 30 Hong Kong's property
sub-index climbed to a 14-month high on Wednesday,
lifted by Cheung Kong Holdings and Sun Hung Kai
Properties, as investors bet on a solid performance
for first-half earnings.
The city's real estate sub-index has risen more than
27 percent since lows hit in March and is now at its highest
level since May last year.
At 0502 GMT, Cheung Kong, whose first-half results are due
on Thursday, spiked 2 percent to a record high, while Sun Hung
Kai rose 2.7 percent to its highest level since March 2013.
Shares in smaller rival Hang Lung Properties,
whose earnings are also due on Thursday, rose 3 percent after
having jumped 20 percent since mid-March.
Morgan Stanley this week revised up its forecasts for Hong
Kong's home prices this year to a 5 percent gain from a 10
(Reporting By Yimou Lee; Editing by Anne Marie Roantree)