Investors keen on punting on mainland property stocks could get another candidate for their share portfolio, with upmarket residential developer Longfor Group said to be reviving plans to seek a US$1bn listing in Hong Kong.

The developer, based in Chongqing, proposed to launch a similar-sized sale last year but the plan was aborted because of a slowdown on mainland equity markets.

'This time, the exact flotation size has not been finalised but it will be more or less US$1 billion,' said a source familiar with the deal.

South China Morning Post