The Vanke redevelopment site at Liberty Avenue in Ho Man Tin. Photo: Jonathan Wong

Old is gold as Chinese firms target Hong Kong buildings older than 50 years for redevelopment in bid to cut costs, boost margins

  • Projects on land acquired through public tender can often cost about HK$10 billion
  • Vanke’s gross profit from Liberty Avenue project could be as much as 38.5 per cent
Topic |   Hong Kong property

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The Vanke redevelopment site at Liberty Avenue in Ho Man Tin. Photo: Jonathan Wong
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