Sun Hung Kai Properties and New World Development have only reached 35 per cent and 28 per cent respectively in their annual sales target. Photo: Reuters
Hong Kong developers cut back land purchases as they accelerate new projects to hit sales targets
Cautious approach to land banks comes as the housing price correction deepens amid ample supply of new flats and a slowing economy
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Sun Hung Kai Properties and New World Development have only reached 35 per cent and 28 per cent respectively in their annual sales target. Photo: Reuters
