As many as a dozen mainland property developers, emboldened by a recovery in the nation's property markets, are eager to raise billions of dollars by going public in Hong Kong, even as Beijing warns of a possible bubble in the housing market.

Guangzhou's Evergrande Real Estate plans to raise as much as US$1 billion through a Hong Kong initial public offering by the end of the year, and had recently taken potential investors on tours of its building sites in Guangzhou, Chongqing and Wuhan, bankers and fund managers close to the deal said.

Shanghai's Glorious Property Holdings and Shenzhen's Fantasia Group were also planning major Hong Kong IPOs, investment bankers familiar with the plans said.

South China Morning Post