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Mainland China developers are rapidly expanding in Hong Kong's real estate market. Photo: K.Y. Cheng

2015-09-16 15:21:41| Real Estate - Topix.net

Mainland developers continue their expansion in Hong Kong's real estate, with Poly Property beating 19 Hong Kong and mainland developers to win the development rights of a government site in Tuen Mun. The Lands Department said it had awarded the residential site in Tuen Mun to Poly Property for HK$1.73 billion, about 25 per cent above the upper range of market expectations of HK$900 million to HK$1.38 billion.

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