HK to draw more mainland buyers

Analysts believe developers eager to purchase at coming major land sales

Chinese mainland property developers have been massively expanding their business in Hong Kong in recent years, turning into another strong investment force in the Hong Kong land market, and the trend is expected to continue, according to analysts.

Henry Mok, regional director of Capital Markets at real estate services firm Jones Lang LaSalle, said in the coming two to three months there will be more major land bids and mainland developers will be eager to buy, adding that "the previous cases are just a start" and 2017 will still be the year of mainland buyers, in terms of the residential land market.