Three mainland property developers are aiming to raise at least HK$3.3 billion from main-board listings in Hong Kong before the end of the year, according to market sources. The firms are focusing their attention on raising funds from international investors, who are increasingly eager to invest in China's fast-growing and maturing property market. Shanghai Forte aimed to raise between HK$800 million and HK$1 billion, Beijing-based Soho China was targeting HK$1.56 billion to HK$2.34 billion and Beijing Capital Land HK$1 billion to HK$1.5 billion, sources said. They have made listing applications to the Hong Kong Exchanges and Clearing but have yet to receive approvals. HSBC Securities is the listing sponsor of Shanghai Forte and Beijing Capital, while Soho China's sponsor is Goldman Sachs. Soho China is controlled by entrepreneurs Pan Shiyi and Zhangxin's Redstone Group, and focuses on mid-tier to luxury residential and office development. It has four projects on hand, including a six-tower office development in downtown Beijing with gross floor area of 480,000 square metres, a luxury 59-house project at the foothills of Badaling Great Wall, a residential project in downtown Beijing with a gross floor area of 700,000 square metres and a 115-house luxury resort project in Hainan Island. Beijing Capital Land is the property arm of infrastructure-to-technology firm Beijing Capital Group - a major investment arm of the municipal government, and focuses on A-grade office towers and mid- to high-end residential buildings. Last year, it had 18 projects in progress with 1.13 million square metres of construction area, involving 1.7 billion yuan (about HK$1.59 billion) of investment. It had a land bank of four million square metres. Shanghai Forte is 98.5 per cent-controlled by privately-owned Shanghai Fuxing Group, which is also engaged in technology, telecommunications and biopharmaceutical industries. Other investors include taxi fleet-operator Shanghai-listed B-share Dazhong Transportation (Group), and property developers Dahua (Group) and Shanghai Xinchangning (Group). Focusing on the mid-tier mass residential market, Shanghai Forte has 14 projects spanning 1.8 million square metres of construction area, and more than two million square metres of land reserved. Shanghai Forte president Fan Wei said the company recorded a year-on-year sales growth of more than 50 per cent last year to more than one billion yuan. It is the sixth-largest private developer in Shanghai, but ranks first among private developers. With more than 2,000 developers, Shanghai's property market was highly fragmented, with the top developer controlling less than 3 per cent of the market and the largest 10 having 13.5 per cent last year, Mr Fan said. Sales of new property units amounted to 80 billion yuan last year. He expected an industry consolidation to take place in coming years. While Hong Kong developers increase their level of investment on the mainland, Mr Fan said the company had not yet engaged in talks with them.