Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.
Henderson-Swire JV Completes Acquisition of $806M Quarry Bay Project
Henderson Land and Swire Properties have completed their acquisition of a set of ageing buildings in Hong Kong’s Quarry Bay at a valuation of HK$6.3 billion ($806 million) after securing the remaining spaces at a public auction Tuesday.
The compulsory… Read More>>
Swire, Henderson Close in on $806M Residential Project in Hong Kong’s Quarry Bay
Henderson Land and Swire Properties have moved a step closer to redeveloping a site in Hong Kong’s Quarry Bay with a joint venture between the two property heavyweights recently winning approval for an auction which would pave the way for… Read More>>
Smartphone Screen Giant Consolidates Prime Kowloon East Site
Capping a more than nine-year process, Hong Kong-based Biel Crystal has acquired the last piece of a prime site in Kowloon East’s Kwun Tong area, paving the way for a 39-storey tower.
On 12 April the company took full ownership… Read More>>
Lofter, SC Capital Win Full Control of Ap Lei Chau Site With $20M Compulsory Sale
Hong Kong’s Lofter Group on Wednesday acquired full ownership of a redevelopment site on Ap Lei Chau Island at a compulsory auction, with the value-add specialist now poised to transform the set of ageing buildings into a residential and retail… Read More>>
Wang On Buys Building Opposite APG JV Redevelopment Project in Hong Kong
Hong Kong developer Wang On Properties has taken over an aging residential building in Southern District’s Ap Lei Chau for about HK$106 million ($13.6 million), with plans to redevelop the property and surrounding buildings into what could become a more… Read More>>
Hong Kong’s Lee Wins Praise for Streamlining Compulsory Sales
Property analysts gave mixed reviews to Hong Kong leader John Lee’s maiden policy address, praising a lowered threshold for compulsory sale applications but voicing disappointment that a deferred stamp duty refund for foreign homebuyers would have little impact.
In the… Read More>>
Hong Kong Govt Slams SHKP as ‘Delusional’ for Attempt to Block Project
Hong Kong’s Lands Tribunal criticised a legal case launched by Sun Hung Kai Properties against a development plan by one of the city’s richest men, describing its move as “delusional” and “vandalism” of the proposed project.
The dispute stems from… Read More>>
Henderson Land Bags 3rd of 4 Sites for Kowloon Project With $150M Buy
Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s HK$1.2 billion ($150 million) compulsory sale of an ageing building in Kowloon’s To Kwa Wan neighbourhood.
The acquisition of the 12,290 square… Read More>>
Henderson Land Wins Hong Kong Island Housing Site in $75M Deal
Henderson Land Development this past week won full ownership of a Hong Kong Island site which could yield a residential project worth HK$1.1 billion ($140 million), with the developer pushing ahead with the purchase despite disappointing financial results in the… Read More>>
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