Chinese companies such as HNA, which spent HK$27.2 billion on acquiring four plots at Hong Kong’s former airport site in Kai Tak, have slowed down their land purchases this financial year. Photo: Bruce Yan

After two years of rapid expansion, Chinese developers back off from Hong Kong projects

A report from S&P Global Ratings shows that Chinese real estate companies bought only 11 per cent of land in tenders in Hong Kong in the current financial year, down from nearly 50 per cent in the previous two years

Topic |   Hong Kong property

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Chinese companies such as HNA, which spent HK$27.2 billion on acquiring four plots at Hong Kong’s former airport site in Kai Tak, have slowed down their land purchases this financial year. Photo: Bruce Yan
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