The Urban Renewal Authority is to redevelop Kai Ming and Wing Kwong streets in To Kwa Wan. Photo: Edward Wong
The Urban Renewal Authority is to redevelop Kai Ming and Wing Kwong streets in To Kwa Wan. Photo: Edward Wong

Squeezed out: Under-fire HK developers seek redevelopment value in old properties

Mainland developers snapped up about 30 per cent of all the government sites sold last year, property consultant Cushman & Wakefield says. Statistics indicate their share in the land market was about 40 per cent by value.

The Urban Renewal Authority is to redevelop Kai Ming and Wing Kwong streets in To Kwa Wan. Photo: Edward Wong
The Urban Renewal Authority is to redevelop Kai Ming and Wing Kwong streets in To Kwa Wan. Photo: Edward Wong
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