HONG KONG -- China's luxury consumption downturn has taken a toll on Hang Lung Properties, a major Hong Kong real estate developer with heavy exposure in the mainland market, especially its flagship asset in Shanghai.
Consumer
China luxury slump hits Hong Kong developer's top Shanghai asset
Hang Lung's Plaza 66 suffers drop in high-end retail sales
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Plaza 66, the core Shanghai asset of Hang Lung Properties, is not immune from the consumption downturn in China. (Photo by Wataru Suzuki)
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