Property News · November 27, 2016

Hong Kong developers more aggressive in buying land in face of competition from mainland rivals


Hong Kong developers are more aggressive in government land sales in the face of tough competition from cashed up mainland rivals that continue on their acquisition binge as the value of the yuan tumbles, says Donald Choi Wun-hing, managing director of Nan Fung Development.
His remarks come after Hong Kong developers outbid mainland rivals to secure 19 out of 21 government sites available in the seven months to November, compared with 13 out of 20 plots for the whole of the previous financial…

Source : South China Morning Post
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