Medium-size developer Chuang's Consortium International plans to sell three residential projects this year to tap into HK$500 million, according to executive director Alfred Lai.
He said that in the past year, Chuang's had been inactive and had mainly acted as a property investor, but now, it would become a more active player as a developer.
Mr Lai said proceeds from the three projects would be reinvested in site acquisitions to take advantage of lower land prices.
The property market had mostly stabilised, and the company hoped to profit from buying low and selling high in future.
Mr Lai said that most likely, it would buy sites from the private land market rather than at public auctions.
The first project - The Notting Hill, in Tung Shan Terrace, eastern Mid-Levels - would be released for sale after the weekend.
