Property News · October 4, 2017

More prime buildings in central now being bought outright by Hong Kong developers


Hong Kong investors have shifted their attentions to buying whole, completed buildings outright in the city’s central districts, making them some of the world’s most-sought after targets.
“Most developers are cash-rich, so they are able to try different ways of maximise their profits,” said Vincent Cheung Kiu-cho, deputy managing director for Asia valuations at leading agency Colliers International.
Mainland developers aggressively competing for land plots up for tender…

Source : South China Morning Post
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