Property News · February 20, 2019

Mainland developers face hard choices as the fizz goes out of the Hong Kong property boom


Mainland Chinese developers who arrived late to the Hong Kong real estate party are among the first to suffer the hangover.Property analysts are pointing at developers who bid lavishly two years ago and who now appear to have the least flexibility to lower prices as the property market softens.Esther Liu, director of corporate ratings at rating agency S&P Global said mainland developers who bought land as recently as 15 months ago could face negative surprises on their profit margins if…

Source : South China Morning Post
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