Swire, Wharf valuation losses highlight Hong Kong property pressure

New World denies take-private reports that had sent its shares surging

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Hong Kong property executives warn that the office market is likely to remain subdued for the time being. (Photo by Suzu Takahashi) 

KENJI KAWASE and PEGGY YE

TOKYO/HONG KONG -- Swire Properties, a real estate arm of conglomerate Swire Pacific, on Thursday reported its first interim net loss since its spin-off listing in Hong Kong in 2012, reflecting a persistent slump in the city's property market.

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