---
title: "Glory Sun Land Expects HK$2.3 Billion Loss for 2024 on Property Market Weakness"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/233394661.md"
description: "Glory Sun Land Group anticipates a consolidated net loss of up to HK$2.3 billion for 2024, an increase from an HK$828 million loss the previous year. This loss is attributed to declining sales in its China real estate segment, higher write-downs on property inventories, decreased investment property values, and an impairment loss on a redevelopment project. The company reported a HK$1.57 billion loss in the first half of 2024, with shares dropping nearly 4% recently."
datetime: "2025-03-27T05:35:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/233394661.md)
  - [en](https://longbridge.com/en/news/233394661.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/233394661.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/233394661.md) | [繁體中文](https://longbridge.com/zh-HK/news/233394661.md)


# Glory Sun Land Expects HK$2.3 Billion Loss for 2024 on Property Market Weakness

Glory Sun Land Group expects to post a consolidated net loss of up to HK$2.3 billion for 2024, widening from an HK$828 million loss a year earlier, the company said in a Wednesday filing on the Hong Kong Exchange.

The property developer said the loss reflects a sharp decline in sales from its China real estate and property investment segment, higher write-downs on property inventories due to market weakness, a further drop in investment property values, and an impairment loss on a land redevelopment project.

Glory Sun reported a HK$1.57 billion loss for the first half of 2024.

Shares of the company fell nearly 4% in recent trade.

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