In the city, construction cranes have stirred, and long-mothballed property developments are swarming with workers.
In particular, commercial-property developments will be curtailed and small businesses will find it harder to get loans.
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In the past decade big property developments have sprung up on both sides of the river, and more are on their way before the 2012 Olympic games.
Valle de Uco, a slightly more removed up-and-coming area 75km away from Mendoza, is home to a few new resort and property developments alongside wineries, such as The Vines Resort and Spa and Las Moradas de los Andes.
This protects the company from too much exposure to unfavourable developments at any one property.
Of the property stocks, Ang likes City Developments, which has a strong balance sheet and a land bank acquired at cheap prices.
When BBC Wales originally reported on the Wales Audit Office investigation earlier this month, Langley Davies, who is managing the property portfolio on behalf of South Wales Land Developments Ltd, said there was significant claw back, but would not say how much, or at which sites.
These developments indicate Beijing is taking a differentiated approach in carrying out its nominally tight property policy, while at the same time reminding investors that the government would support genuine demand only.
The property market has seen an increase in residential prices of more than 32% since 2007 and luxury developments and conversions are in demand.
The British-run territory had sought to cool property speculation in 1994 by limiting the amount of mortgages and cracking down on the sale of unfinished developments, among other moves.
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