More mainland Chinese developers will return to the Hong Kong land market as it becomes easier to outbid their local rivals who are holding back amid the city’s gloomy economic outlook, say industry experts.They have already won three government tenders for sites in the current financial year, without having to fork out the eye-watering sums they became known for a few years ago.Kaiser Group Holdings, Citic Pacific and a joint venture between China Resources Land and Poly Property secured three…
Source : South China Morning Post
Read more…Mainland Chinese developers are returning to Hong Kong land tenders as loss of appetite among local rivals brings prices down















