LIPPO Group's largest subsidiary, Hongkong China, prefers to lease its properties, particularly office premises, given its doubts about an approaching property market upturn. Director David Yeh said: 'We have a good rate for our leases and there is no urgent need to sell office space.' The firm enjoyed an occupancy rate in its leased properties of 90 per cent and rent contributed more than 50 per cent of its revenue. Mr Yeh said the company's major China focus was on its Tati City property development in Fujian province, intended as a satellite town in its own right. Mr Yeh said the cooling of China's property market had not affected the group's earnings.