Article

Winland Group is selling commercial assets in Hong Kong at steep discounts, including properties in the Lippo Centre at 60% below their 2017 purchase price. A local investor is set to acquire a shop and unit for HK$299 million, significantly reduced from HK$729 million, while another site in Tsim Sha Tsui is listed for HK$50 million, down from HK$88 million. This move reflects ongoing challenges in China's housing market, where average home prices continue to decline.