20/04/2016
Chinese developers eye HK land in wake of slowdown (SCMP)
More and more mainland Chinese developers are setting their sights on Hong Kong’s land market to diversify in the wake of the a property market slowdown at home, especially in smaller cities, as well as to take advantage of the falling land prices in the city.
Tian Ming, chairman of Nanjing-based Landsea Green Properties, said Hong Kong would be its priority overseas investment destination this year.
Shanghai’s Future Land Development last week said it was seeking acquisition opportunities in Hong Kong as well. The company is interested in both redevelopment projects and office buildings.