Hongkong Land, a major property developer, has announced a strategic shift to focus on commercial properties in the wake of declining residential sales. The company cites market conditions and changes in consumer behavior as driving factors behind this decision. As Hongkong Land adjusts its strategy, it remains to be seen how this will impact the local real estate market.

Source: https://www.bloomberg.com/news/articles/2024-10-29/hongkong-land-shifts-strategy-to-focus-on-commercial-property