A model of the Riva development, of which recent sales of the flats were strong after Sun Hung Kai Properties cut prices. Photo: Reuters
Hong Kong developers' profit margins squeezed
Falling home prices, rising construction costs and high land premiums being blamed for expected plunge in developers' earnings
A model of the Riva development, of which recent sales of the flats were strong after Sun Hung Kai Properties cut prices. Photo: Reuters