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>>
Henderson Land Lines Up $1B Project in Hong Kong’s To Kwa Wan
Henderson Land Development is set to take full ownership of a 42,506 square foot (3,948 square metre) site in Kowloon, with the developer having won approval for the compulsory sale of the remaining space in an ageing building in Hong… Read More>>
Lofter Group Closing In on $242M Kowloon Commercial Project
Hong Kong’s Lofter Group is moving closer to building a HK$1.9 billion ($242 million) commercial tower in Kowloon, having this week applied for a compulsory sale to acquire full ownership of an ageing building in Jordan with a pair of… Read More>>
Swire Closes in on $751M Quarry Bay Commercial Project
Swire Properties is closing in on a HK$5.9 billion ($751.9 million) commercial project on the eastern stretch of Hong Kong Island, having reportedly applied in June to force a sale of the remaining pieces which it does not already own… Read More>>
SC Capital, Lofter Apply to Buy Out $108M Hong Kong Project
Hong Kong’s Lofter Group and Singapore-based SC Capital Partners are moving closer to building a HK$850 million ($108.3 million) residential and retail project in the city, having last month applied to acquire full ownership of a 4,000 square foot (371… Read More>>
Wheelock Acquires Site in Hong Kong’s Soho for $127M Residential Project
Wheelock Properties has acquired its second site on Hong Kong Island in two months, having won full ownership of three ageing buildings in the city’s Central district through a compulsory sale, according to sources familiar with the deal.
The acquisition… Read More>>