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largest property developerInvezz
•81% Informative
New World Development , one of Hong Kong’s largest property developers, is bracing for its first financial loss in two decades .
The Cheng family-owned firm has projected a substantial loss of up to HK$20 billion ( $2.6 billion ) for the financial year ending in June .
The broader property sector has also suffered, with other major developers experiencing severe distress.
VR Score
86
Informative language
86
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52
Article tone
formal
Language
English
Language complexity
66
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Attention-grabbing headline
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Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
1
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