After first investing in the mainland through projects such as Shanghai Times Square in the 1990s, Wharf upped its pace.

FORBES: Hong Kong's Surge Protector

The Shanghai Times reported that sales of new homes rose 36% week-on-week to 169, 000 square meters sold while the supply of new homes rose 76% to 357, 000 square meters during the same period.

FORBES: Luxury Mkt Pushes Shanghai Homes to Record Prices