EconomyKerry Properties targets Hong Kong sites, eyes luxury market as mainland growth slumps
Kerry Properties is targeting Hong Kong residential land and may recycle capital from existing assets, betting on tighter local housing supply. Despite the mainland property downturn weighing on its China business, the developer said it bought three Hong Kong residential sites in the first half, totaling about 235,000 sq ft of gross floor area, and will remain active in government land tenders.
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South China Morning Post★★☆☆☆2026-08-24 12:20Original
Kerry Properties targets Hong Kong sites, eyes luxury market as mainland growth slumps
Economy