View of the site at Lee Nam Road, Ap Lei Chau. Photo: Edward Wong
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Record land sale more likely a case of mainland capital flight

The HK$16.86 billion paid by mainland developers for a residential site at Ap Lei Chau was almost 50 per cent more than market valuations. The flight money is now looking for hard assets now and does not care much what it pays

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View of the site at Lee Nam Road, Ap Lei Chau. Photo: Edward Wong
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