Property News · February 21, 2018

Land flipping by property developers in Hong Kong a sign that house price growth may slow


Property developers in Hong Kong are accelerating their disposals of land bought from the government, suggesting they are keen to contain risks at a time when home prices in the city have surged to records, according to industry experts.
In the past eight months, five developers have pocketed quick profits of more than HK$4 billion (US$511.25 million) from reselling three government sites to lower their risks should price rises begin to slow.
“Such a series of land disposals is a rare…

Source : South China Morning Post
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