Property investment

The China Vanke headquarters in Shenzhen, in southern China's Guangdong province. The developer’s launch price is the lowest recorded in Hong Kong’s Tuen Mun district in the past two years. Photo: Reuters

What’s cheaper than Tuen Mun public housing? China Vanke apartments

China Vanke, the mainland’s second-largest developer by sales, has priced apartments at its first wholly-owned residential development in Hong Kong’s Tuen Mun starting at HK$9,878 (US$1,265) per square foot – cheaper than 30-year-old subsidised housing in the area.