A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong
A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong

Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years

  • Some of the city’s biggest developers have sold HK$4 billion (US$516 million) of noncore assets to ready cash for new opportunities
  • Non-residential property market has slipped by up to 20 per cent from the mid-2019 peak, amid the longest losing stretch in at least four years.

Topic |   Hong Kong property
A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong
A man walks past a closed retail shop in Causeway Bay, Hong Kong. Photo: Winson Wong
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