HKR International is set to explore more property development opportunities in the mainland, according to managing director Victor Cha Mou-zing (above).
The company is looking at a number of residential and commercial projects in cities such as Beijing and Shanghai and in the Pearl River Delta.
Mr Cha hoped to settle some of the development deals in the first quarter of this year.
He said companies needed to be patient when expanding in the mainland property market.
'The key to investing in China is that one has to be familiar with the local property sale system and rules, and this will take some time,' he said. The firm hoped to increase the mainland share of its property portfolio to 20 per cent in coming years.
In Hong Kong, Mr Cha expected 2,000 flats in Discovery Bay and Tung Chung could be available for sale this year. He added that the sales might be delayed in light of weak market sentiment.
Mr Cha was speaking after a briefing yesterday on the spin-off of its construction business, Hanison Construction Holdings.