RICHARD LI OF PACIFIC CENTURY SPEAKS IN TOKYO
Hong Kong-based Pacific Century Group Chairman Richard Li speaks to reporters in Tokyo March 27. Li said he was generally bullish about commercial and residential land prices in Japan, but added price levels had not bottomed out yet. A Japanese unit of Li's group has bought a tract of prime land this month in central Tokyo for 86.8 billion yen (US$702,000,000), far higher than analysts' expectations of around 45 billion yen. Li also owns Pacific Century Regional Developments Ltd of Singapore.