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Kerry Properties acquired three residential sites in Hong Kong in the first half of the year, with a total gross floor area of approximately 235,000 square feet, and plans to continue to be active in government land tenders.
The move is aimed at betting on the tight local housing supply in Hong Kong and considering the recycling of capital from existing assets to cope with the pressure on its business caused by the downturn in the Chinese mainland property market.
Source：SCMP商业 · Source Link
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