Jardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May TseJardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May Tse
Jardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May Tse

Mainland Chinese developers are returning to Hong Kong land tenders as loss of appetite among local rivals brings prices down

  • Mainland developers outbidding locals who are holding back amid the city’s gloomy economic outlook, say industry experts
  • The drop in competition means they are not having to fork out the eye-watering sums they became known for a few years ago
Topic |   Hong Kong property
Jardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May TseJardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May Tse
Jardine’s Lookout on Tai Hang Road, previously a civil servants’ quarter, was won at tender by Citi Pacific for HK$3.2 billion in December. Photo: May Tse
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