Property News · November 25, 2020

Chinachem shifts focus to mass housing from luxury projects in ‘noble target’ set by former chairwoman Nina Wang


Chinachem Group is changing its land-bidding strategy to focus on mass housing and move away from super-luxury trophy projects as the Hong Kong developer marked its 60th anniversary in the business.The developer now enjoys the liberty of elevating social and environmental objectives to the same level of importance as profit motives, away from the scrutiny of public shareholders as part of late billionaire Nina Wang Kung Yu-sum’s family trust. Thus, it has no plan to bid at the upcoming…

Source : South China Morning Post
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