Photographer: Dale de la Rey/AFP via Getty Images

Billionaire Li Ka-Shing Is Getting Back Into Hong Kong Housing Market

  • Billionaire’s property unit pays $251 million for Sha Tin site
  • Hong Kong developers have been outbid by mainland rivals

Billionaire Li Ka-shing is getting back into Hong Kong’s housing market, with his property unit buying its first plot of residential land from the government in four years.

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