Hong Kong developers will be the major beneficiary of recent government land sold for shockingly high prices to mainland rivals as they take advantage of positive market sentiment to cash in on the sales upswing.
Sales of new homes saw a week-on-week increase of 70 per cent over March 3-4 after two residential sites in Ap Lei Chau and Wong Chuk Hang were sold to mainland developers at record prices.
Major developers including Cheung Kong Property and Sun Hung Kai Properties (SHKP) raised prices…
Source : South China Morning Post
Read more…Hong Kong developers to push sales after record land purchases by mainland rivals















