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For China's property developers, Hong Kong is becoming Shenzhen's backyard


ChinaFor China s property developers, Hong Kong is becoming Shenzhen s backyard
Reuters
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Shenzhen River, the border river that divides Hong Kong (left) and Shenzhen is seen from Shenzhen, China, October 22, 2019. REUTERS/Tyrone Siu/File Photo
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By Clare Jim
Chinese property developers have turned their sights to Hong Kong s border districts as mainlanders from neighbouring boomtown Shenzhen consider parts of the former British colony as a more affordable long-term housing prospect.
The development plans are seen by some as a turning point, with buyers from what was once considered Hong Kong s cheaper industrial hinterland increasingly viewing of the global finance hub as Shenzhen s backyard . ....

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