03.08.2011 - China beckons to Hong Kong builders as mainland firms squeezed
Hong Kong developers are poised to snap up land in China at a time when their mainland rivalsí 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 & Poorís to cut its outlook on the sector..............................................Full Article: Source
Print