Property News · May 25, 2017

Mainland developers shy away from Hong Kong land tenders


Chinese companies continue to shy away from Hong Kong’s land market with just one mainland backed company known to have submitted a bid for a residential site in Yuen Long.
MTR Corp said eight developers had submitted bids for the parcel of land at Kam Sheung Road Station on the West Rail line before the tender closed at 2pm on Thursday.
Only one mainland Chinese company, China Resources Land, submitted a bid. The seven other bidders were based in Hong Kong, including Cheung Kong Property…

Source : South China Morning Post
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