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
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
