After an absence of nearly five years, Hong Kong developers have resumed their land acquisitions in leading mainland Chinese cities, taking advantage of tighter credit conditions that have sidelined local rivals.
The investments come at a time when Hong Kong land values have surged to fresh records, prompting property companies to diversify by acquiring old buildings for redevelopment, purchasing agricultural land for conversion to residential use, in addition to buying land at government…
Source : South China Morning Post
Read more…Hong Kong developers resume buying land in mainland China after five-year hiatus
