HONG KONG -- New World Development, one of Hong Kong's major family-owned real estate conglomerates, has warned of another deep loss, widening concerns over the state of the city's property market.
Property
New World's $872m loss warning fans Hong Kong property worries
Analysts sound alarm over growing risks to developers and market confidence
New World's K11 Art Mall, a symbolic project initiated by former CEO Adrian Cheng. The developer disclosed last month that it has been negotiating a potential disposal of the facility. (Photo by Kenji Kawase)
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