The Hong Kong government has unveiled its land sale programme for the new financial year from April 2018 to March 2019, including four commercial sites and 27 residential sites. Drawing the most attention is a 6-hectare commercial site above the… Read More>>
Hong Kong Boosts Land Sale Transparency in Battle Against Crazy Bidders
Hong Kong is learning from its all-time rival Singapore as it seeks to tame the city’s land prices. In addition to the tender amount of the successful bidder in land sales, the Hong Kong government will now publish the amounts… Read More>>
Gaw-Led Group Closes on Link REIT Retail Deal and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Link REIT has completed its HK$23 billion sale of a horde of shopping malls to a consortium led by Gaw Capital. Also in the headlines, the government is weighing action to rein in… Read More>>
JD.Com Ties Up With FamilyMart to Rush Duck Neck and Stinky Tofu to Mainland Couch Potatoes
China’s second-ranking e-commerce platform, JD.com, is now the country’s number one couch potato enabler, serving up fast food, Oreos and stinky tofu straight from the nearest FamilyMart convenience store to the comfort of every Internet user’s living room.
Under the… Read More>>
Payson Cha’s Hanison Buys Kwai Chung Industrial Building for $92M
Payson Cha’s Hanison Construction Holdings has teamed up with an unnamed investor to buy an industrial building in Hong Kong’s Kwai Chung area for HK$720 million ($92 million), the developer announced Wednesday, as the city’s biggest logistics hub continues to be… Read More>>
City Weighs Tax Deduction for Renters and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s financial chief said the government is mulling tax sweeteners to make housing a bit more affordable for renters. Also in the headlines, the Hong Kong Stock Exchange will be moving its… Read More>>
Swire’s Pudong Mall Project Moves Forward With $213M Purchase of JV Stake
After opening its HKRI Taikoo Hui mall at 90 percent occupancy in November, Swire Properties is set to develop its second retail project in Shanghai. The latest venture for the Hong Kong-based builder is in Pudong’s Qiantan Area, an international… Read More>>
Pamfleet Fund Puts Kowloon Mall on the Market With $128M Price Tag
A real estate investment fund managed by Andrew Moore’s Pamfleet is putting up for tender a retail center in Kowloon’s Lai Chi Kok with an asking price of HK$1 billion ($128 million). The tender follows the company’s $217 million sale… Read More>>
Land Rush Spurs HK$138B City Budget Surplus and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, last year’s bumper crop of land sales helped fuel a budget surplus of HK$138 billion ($17.6 billion) — and Hong Kong’s wealthy land owners will be reassured that this too will work in… Read More>>
Shanghai Awards Site for $8B Pudong Commercial Complex to SOE Duo for $2.2B
Shanghai’s government has awarded a deal for a RMB 50 billion ($7.9 billion) commercial complex — bigger than New York’s Grand Central Terminal — to a consortium of local state-run firms as the city prepares for yet another commercial hub… Read More>>
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