Property News · February 6, 2018

After two years of rapid expansion, Chinese developers back off from Hong Kong projects


Concerns about Hong Kong developers losing market share to their Chinese peers are fading as mainland companies have pulled back from their breakneck expansion in the city, according to a report from S&P Global Ratings.
“Mainland developers took up nearly half of the land tenders during the financial years of 2015 and 2016, but their share has dropped to only 11 per cent in the current financial year,” because of the effects of Chinese capital controls and tighter scrutiny on…

Source : South China Morning Post
Read more…After two years of rapid expansion, Chinese developers back off from Hong Kong projects

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