** Shares of Hopson Development Holdings Ltd fall 3.6% to HK$4.03, their lowest since Oct 24, on the second session of decline
** Stock on track for the biggest one-day drop since Sept 25 if trends hold; sixth biggest pct loser in Hang Seng Composite Index on properties and construction stocks
** Shares on course to end the week down 7.6%, the biggest weekly losses since mid-August
** The Chinese property developer says gross contracted sales for Jan-Nov period amounted to 27.7 bln yuan ($3.87 bln), down 1.4% from 28.1 bln yuan the same period in 2022
** Rival Sunac China drops 5.4%, Country Garden
falls 3.8% and China Evergrande slips 0.8%
** Hang Seng Mainland Properties Index falls 2%, Hang Seng Index slips 0.2%
** Hopson stock down 30.6% YTD
($1 = 7.1532 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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