Country Garden bought a 60 per cent stake in a site in Ma On Shan from Wang On Properties for HK$2.44 billion in 2017. The site was eventually developed into the Altissimo. Photo: Edmond So

Mainland developers face hard choices as the fizz goes out of the Hong Kong property boom

  • Mainland developers need to downwardly adjust their prices and profit expectations, according to analysts
  • Margins look challenged at projects where land was acquired two years ago
Topic |   Hong Kong property

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Country Garden bought a 60 per cent stake in a site in Ma On Shan from Wang On Properties for HK$2.44 billion in 2017. The site was eventually developed into the Altissimo. Photo: Edmond So
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