China SOEs continue to snap up commercial prime HK property

Hong Kong

CHINESE investors' penchant for Hong Kong real estate is well-known; and as they take aim at the city's most prestigious buildings and office space, mainland cash is driving one of the world's priciest markets to break new records.

With the Communist Party's hand seen behind the latest record purchase, some analysts raised questions about where the enormous cash flows would go as the Chinese government strengthens control over the former British colony.