Stewart Leung Chi-kin

Wheelock Properties chairman Stewart Leung. Photo: Paul Yeung

Developers will hold flats rather than sell below cost, says Wheelock chief

Stewart Leung Chi-kin has spent about 80 per cent of his more than five decades in Hong Kong’s property industry at New World Development. Since joining the company in 1970, Leung has helped former chairman Cheng Yu-tung turn it into one of the four biggest developers in the city.