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 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
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
Property /  Hong Kong & China

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

Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 2:54pm, 20 Jul, 2018

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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 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
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
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