Whatโs next for Hong Kong developers in mainland China?
Hong Kongโs major property developers are shifting investment in mainland China from residential projects to commercial assets, including hospitality, as weak home sales and fewer attractive investment opportunities prompt them to focus on existing properties, recurring income and debt reduction. โIn recent years, after we recycled the capital from our projects, we havenโt really found many good opportunities on the mainland,โ Stephen Ng, chairman and managing director of Wharf Holdings, said at...