Hong Kong’s top developers shun Shouson Hill tender as property becomes ‘hot potato’ amid US-China tensions

Hong Kong’s top developers shun Shouson Hill tender as property becomes ‘hot potato’ amid US-China tensions

Yahoo - Malaysia·2020-08-11 00:15

Many of Hong Kong’s biggest property tycoons are staying out of a keenly watched residential property sale by the US government to “stay onside”, as the asset becomes a “hot potato” amid worsening US-China relations.

Li Ka-shing’s CK Asset Holdings, the city’s second-largest developer, submitted an offer for 37 Shouson Hill Road, the company said in an email reply. Sun Hung Kai Properties, the city’s biggest, declined to comment on its position.

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