National security law prompts more mainland firms to bid for Hong Kong land as China Vanke unit wins residential plot in Tai Po

Mainland Chinese developers, emboldened by the new security law, will become more active buyers of Hong Kong land as local firms back off amid political turmoil and recession, surveyors predict.The forecast came as a mainland-based consortium won a parcel of land in Tai Po earmarked for over 1,000 “mid-to-low density” flats. It was the second plot to go to mainland developers this month following Beijing’s imposition of the new national security law in Hong Kong.The consortium formed by Vanke…

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