HK developers starting to reap mainland rewards

Hong Kong developers' earnings from their mainland projects have started taking off, and the profit contribution from these sources will continue to grow, according to analysts.

In the half-year reporting season just ended, local developers reported solid interim earnings, with some posting profit growth of up to 40 per cent.

The results were boosted by high average selling prices across the board, with the revenue finally rolling into the developers' bottom line.

via Business feed http://www.scmp.com/business/companies/article/1038687/hk-developers-starting-reap-mainland-rewards