Chinese Developers Crowd Out Hong Kong Locals in World’s Most Expensive Market
"The intense interest for a residential-property site in Hong Kong's rural New Territories shows how mainland Chinese companies are edging their local rivals out of their own city. Flush with cash that they are desperate to get out of the mainland, Chinese companies are willing to pay over the odds for even modest sites. That is driving up prices in what's already the world's most-expensive place to buy a home. " Read more on: realmoney.thestreet.com
Source : Chinese Developers Crowd Out Hong Kong Locals in World's Most Expensive Market