Shares in Hong Kong’s four biggest family-owned developers have dropped more than a third in the past four years, with nearly $50bn wiped off their market capitalisation as Covid-19 restrictions and interest rate rises took a toll on the property market.
Four families dominate the Hong Kong property market: the Lis of CK Asset, the Kwoks of Sun Hung Kai Properties, the Lees of Henderson Land, and the Chengs of New World Development.
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