Mainland China’s developers appear to be taking a break from their shopping spree for Hong Kong assets, when a government sale of commercial land attracted only two bids from Chinese companies.
The tender for Area 1F Site 2 at the former Kai Tak airport site attracted 12 bids from developers, 10 of which are Hong Kong companies including Cheung Kong Property (Holdings), Chinese Estates Holdings, Wheelock Properties,Henderson Land Development and Nan Fung Development.
Two mainland Chinese…
Source : South China Morning Post
Read more…Kai Tak’s commercial land sale shows Chinese developers are taking a break from shopping















