Aoyuan, the acquisitive mainland China developer, is hoping to generate a HK$450 million (US$57.33 million) profit from the sale of residential units being created in a former a 12-storey commercial building in Kwai Chung, in Hong Kong’s New Territories.
The company has pencilled in a total target sales price of HK$1.4 billion for completed flats in the building, after buying it in June for HK$950 million, its second move into the Hong Kong market.
The Guangzhou-based developer bought…
Source : South China Morning Post
Read more…Mainland developer Aoyuan hoping for US.3m profit on conversion of commercial Kwai Chung site into flats















