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Why Chinese Developers Love Hong Kong
Cash + leverage - supply = boom.
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Squeezed by banks' reluctance to refinance its loans, HNA Group Co. may be under pressure to sell some of the land in Hong Kong for which it paid spiraling sums, or find alternative financing.
If you think that means the end of Chinese developers' Hong Kong dreams, think again: They're just beginning. Price growth and potential returns relative to the mainland are too good to ignore.