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Thomas Lam

Hong Kong Government Cancels Kai Tak Land Sale as Bids Disappoint

Thomas Lam

2020/05/14 by James Hatton Leave a Comment

The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow to its plans for redeveloping the former airport site.

The city’s Lands Department said that it had cancelled the tender… Read More>>

The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow … Read more>>>

pan sutong

Hong Kong-listed Goldin Sells Kai Tak Residential Plot at HK$2.6B Loss

pan sutong

2020/05/11 by Stephanie Li Leave a Comment

Goldin Financial Holdings has agreed to sell a residential site on Hong Kong’s former airport at a HK$2.6 billion ($340 million) loss, as the company seeks to free up cash amid a downturn in the Asian financial hub.

The financial… Read More>>

Goldin Financial Holdings has agreed to sell a residential site on Hong Kong’s former airport at a HK$2.6 billion ($340 … Read more>>>

Raymond Kwok Sun Hung Kai

Ping An Buying 30% of Sun Hung Kai West Kowloon Project for HK$11.27B

Raymond Kwok Sun Hung Kai

2020/04/30 by Michael Cole Leave a Comment

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties confirmed earlier reporting by Mingtiandi that Ping An Insurance was buying into its West Kowloon commercial project by announcing the mainland… Read More>>

The financial muscle of one of China’s largest financial institutions was on display today as Sun Hung Kai Properties … Read more>>>

Little-Known Player Outbids Wheelock, Vanke to Win Kowloon Site for HK$467M

2020/04/29 by Stephanie Li Leave a Comment

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million ($60 million), according to an announcement yesterday by the Lands Department.

The privately held firm, which was previously best known for… Read More>>

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million … Read more>>>

Donald Choi Chinachem

Chinachem Wins West Kowloon Site for HK$913M

Donald Choi Chinachem

2020/04/26 by Mingtiandi Team Leave a Comment

Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an official announcement late last week.

The company led by CEO Donald Choi shouldered aside 16 other bidders to win the… Read More>>

Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an … Read more>>>

mi chunlei thumb

Private Shanghai Developer Braves Pandemic to Pay RMB 6B for Jing An Site

mi chunlei thumb

2020/04/23 by James Hatton Leave a Comment

A little-known mainland developer has braved the economic uncertainty caused by the COVID-19 pandemic to buy a commercial site in central Shanghai’s Jing An district for RMB 6 billion ($850 million), according to a government announcement.

Lanhai Holdings Group, which… Read More>>

A little-known mainland developer has braved the economic uncertainty caused by the COVID-19 pandemic to buy a … Read more>>>

Causeway Bay Commercial Site Put on the Market for HK$1B in Hong Kong

2020/04/21 by James Hatton Leave a Comment

The COVID-19 crisis has made real the unimaginable in many ways, and now Hong Kong is seeing a site on the world’s most expensive shopping strip being put on the market for the first time in a decade, Mingtiandi can… Read More>>

The COVID-19 crisis has made real the unimaginable in many ways, and now Hong Kong is seeing a site on the world’s most … Read more>>>

hans kang infrared nf

InfraRed NF JV Buys $112M Value-Add Commercial Project in Shanghai

hans kang infrared nf

2020/04/20 by Michael Cole Leave a Comment

Real estate private equity firm InfraRed NF has joined with a mainland investment start-up to purchase an 84 percent stake in a $112 million commercial complex in Shanghai’s former French concession, according to an announcement last week.

Through a joint… Read More>>

Real estate private equity firm InfraRed NF has joined with a mainland investment start-up to purchase an 84 percent … Read more>>>

Shanghai Authorities Nab COLI, CR Land Execs Over Rigged Land Sale

2020/04/16 by James Hatton Leave a Comment

Shanghai authorities have detained executives at China Resources Land and China Overseas Land & Investment (COLI), after a government auction for a prime slice of residential land in Hongkou district aroused suspicion when all bids came in at the publicly… Read More>>

Shanghai authorities have detained executives at China Resources Land and China Overseas Land & Investment (COLI), … Read more>>>

belle tower Hong Kong

First Group Spends HK$1.4B Buying Sites for Kowloon Office Project

belle tower Hong Kong

2020/03/30 by Stephanie Li Leave a Comment

A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial project despite a slide in tenant demand that saw rents in the world’s priciest office market fall by the steepest rate… Read More>>

A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial … Read more>>>

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