From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam
From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam

Developer Hang Lung sees profit plunge 23pc

Developer says government cooling measures, which hit earnings, are likely to stay in place until housing supply catches up with demand

From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam
From left, Hang Lung Properties' managing director Philip Chen; chairman Ronnie Chan; executive director Ho Hau-cheong. Photo: Nora Tam
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