Mainland developer China City Construction has put its Ma On Shan waterfront site on the block for a while before finding a buyer in Wang On Properties, according to industry watchers. Photo: Stanley Shin
Mainland developer China City Construction has put its Ma On Shan waterfront site on the block for a while before finding a buyer in Wang On Properties, according to industry watchers. Photo: Stanley Shin
Property /  Hong Kong & China

Chinese developer forced to sell Ma On Shan site amid Beijing’s tightened capital controls

China City Construction will sell its Ma On Shan waterfront residential site to Wang On Properties. It acquired the plot in 2014 for HK$2.138 billion.

Topic |   Hong Kong property
Sandy Li
Sandy Li

Updated: 2:55pm, 20 Jul, 2018

Why you can trust SCMP
Mainland developer China City Construction has put its Ma On Shan waterfront site on the block for a while before finding a buyer in Wang On Properties, according to industry watchers. Photo: Stanley Shin
Mainland developer China City Construction has put its Ma On Shan waterfront site on the block for a while before finding a buyer in Wang On Properties, according to industry watchers. Photo: Stanley Shin
READ FULL ARTICLE