Property News · October 20, 2020

Macau, with its cheap plots and little competition, is the promised land for Hong Kong’s smaller property developers


Hong Kong’s smaller property developers, squeezed at home by heavyweight players, have long turned to Macau, a former Portuguese colony and the other special administrative region covered by Beijing’s Greater Bay Area development initiative.For instance, Telok Real Estate Partners has built eight residential projects in the casino hub since 2006. Of late, the developer has been focusing on co-living and hostel projects, and has three projects worth US$100 million in the works.“Land in Hong Kong…

Source : South China Morning Post
Read more…Macau, with its cheap plots and little competition, is the promised land for Hong Kong’s smaller property developers