Mainland Chinese companies were notably absent as the tender deadline closed for a costly commercial site in Central on Monday, while at least nine Hong Kong developers submitted bids.
Renown for aggressive deal making in recent times, mainland developers have been staying away from the city’s real estate market since the beginning of the year, plagued by China’s capital outflow controls and additional curbs on outbound investment in August.
Hong Kong developers were active in the…
Source : South China Morning Post
Read more…Mainland developers silent as prime Central site tender deadline passes















