The developer’s diversification away from Discovery Bay, pictured, could help to reduce risk, says Leo Cheung, of Pruden Holdings. Photo: Roy Issa
The developer’s diversification away from Discovery Bay, pictured, could help to reduce risk, says Leo Cheung, of Pruden Holdings. Photo: Roy Issa

HKR International invests more in Hong Kong’s older buildings as home prices climb amid land shortage

  • The developer behind Discovery Bay has recently spent HK$677 million (US$87.2 million) on two buildings – one industrial and one residential – for redevelopment
  • The number of industrial properties changing hands rose 37 per cent in March to the highest level since May 2019, according to data from Centaline

The developer’s diversification away from Discovery Bay, pictured, could help to reduce risk, says Leo Cheung, of Pruden Holdings. Photo: Roy Issa
The developer’s diversification away from Discovery Bay, pictured, could help to reduce risk, says Leo Cheung, of Pruden Holdings. Photo: Roy Issa
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