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
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.
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Hong Kong property
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