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China beckons to Hong Kong builders as mainland firms squeezed

Posted on 03 August 2011

Hong Kong developers are poised to snap up land in China at a time when their mainland rivals’ finances are being sapped by government property curbs.
Builders including Sun Hung Kai Properties Ltd. (16) and Cheung Kong (Holdings) Ltd. took in HK$66 billion ($8.47 billion) from new apartment sales in the six months ended June, a first-half record, according to Centaline Property Agency Ltd. Chinese developers face a shortage of credit and higher interest rates, prompting Standard & Poor’s to cut its outlook on the sector……………………………………….Full Article: Source


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