--FILE--Nuovi edifici residenziali sono visti in Tsuen Wan, Hong Kong, Cina, 12 gennaio 2012. China Vanke, il mainlands proprietà più grande sviluppatore b
--FILE--New residential buildings are seen in Tsuen Wan, Hong Kong, China, 12 January 2012. China Vanke, the mainlands biggest property developer by market value, has made its first foray into Hong Kongs property market by acquiring a residential site on the Tsuen Wan waterfront in partnership with New World Development. The consortium beat seven players, including Hong Kongs heavyweights Cheung Kong (Holdings) and Sun Hung Kai Properties, to win the tender for the West Rail Tsuen Wan West station project at a cost of HK$3.43 billion, or HK$5, 088 per buildable square foot. The winning bid was 10 to 27 per cent above analysts estimates, which ranged from HK$2.7 billion to HK$3.12 billion. Analysts said the China Vanke deal signals that mainland players could gradually challenge the dominance of local tycoons in the citys property industry. *** Local Caption ***
