Chinese developers are changing the way they acquire land in Hong Kong, shying away from headline-grabbing public land auctions in favour of private sales, amid continuing scrutiny by mainland authorities on overseas property investments.
Last year China’s 12 biggest developers generated 2.55 trillion yuan (US$404.63 billion) in revenue from home sales, according to CMIB Securities.
“Less than 5 per cent of their sales proceeds would be enough to buy Hong Kong’s entire land…
Source : South China Morning Post
Read more…Chinese developers adopt low profile approach to land buys















