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

Topic |   Hong Kong property

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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
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