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Hong Kong tycoons riled by high Chinese land bids
Mar 8, 2017 - The Salt Lake Tribune

Shum Chiu Hung, chairman of Chinese developer Times Property Holdings Ltd., has advice for those dismayed at record land bids in Hong Kong by mainland firms: "Get used to it."

Chinese developers have dominated Hong Kong's land sales this year, splurging more than $2.9 billion to win all three residential plots tendered, including a record sum for a waterfront site.

That adds to a spate of acquisitions since the beginning of 2016, with Chinese buyers accounting for 53 percent of the $

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