Chinese Developers Retreat From Hong Kong Land Buys Amid Slump

  • Mainland developers skipped 6 of 8 land tenders in first half
  • Falling land prices set to continue in second half, says JLL

Chinese Developer Retreat From Hong Kong

Chinese buyers slowed the pace of their Hong Kong land purchases in the first half of 2016, joining the city’s biggest developers on the sidelines and setting the stage for further price declines.

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