Kai Tak’s commercial land sale shows Chinese developers are taking a break from shopping

Mainland China’s developers appear to be taking a break from their shopping spree for Hong Kong assets, when a government sale of commercial land attracted only two bids from Chinese companies.

Scant interest was also on display when the tender process closed for the Murray Road site in Central, the first grade A commercial parcel to go on sale in the heart of Hong Kong’s financial district in two decades.

More on this story from South China Morning Post Chinese developers are taking a break from shopping Kai Tak’s commercial land sale shows