Wheelock Properties is on its way toward developing another luxury project on Hong Kong Island, having gained approval for a compulsory sale of Ventris Court, a residential tower in the Happy Valley area valued at HK$1.73 billion ($222.4 million), according… Read More>>
Sino-Ocean Heads for $90M Compulsory Sale of Kowloon Building
Mainland developer Sino-Ocean Group is on its way to securing a site in the Kowloon City area for development into as much as 63,270 square feet (5,878 square metres) of new space, as Hong Kong’s booming residential market continues to… Read More>>
Henderson Land Acquires Residential Site in Hong Kong’s Mid-Levels in $66M Deal
Henderson Land Development this week moved a step closer to creating a new luxury residential project in Hong Kong’s Mid-Levels, with its acquisition of a property valued at HK$522.1 million ($66.9 million) through a compulsory sale for redevelopment.
Hong Kong’s… Read More>>
Aoyuan Sells Project in Hong Kong’s Mid-Levels at a Loss Amid Cash Flow Crisis
Cash-strapped mainland developer China Aoyuan Property Group this month agreed to sell off a redevelopment project in Hong Kong’s Mid-Levels to raise cash, and is expecting to recognise an estimated loss of HK$176.6 million on the disposal, according to an… Read More>>
Wang On Acquires Kowloon Site for $180M Residential Project
Wang On Properties has announced its purchase of a site in Kowloon for a HK$1.3 billion ($180 million) residential project, following the successful launch of a boutique residential project in the New Territories last month.
Adding to its land supply… Read More>>
Stan Group Sets Sights on Kowloon Resi Project with Mongkok Compulsory Sale Bid
Stan Group has applied for the compulsory sale of a 50-year-old industrial building in Hong Kong’s Mongkok district, according to an account in the Hong Kong Economic Times.
The Hong Kong investment group, which manages a HK$60 billion ($7.7 billion)… Read More>>
New World Closes in on Buyout of Hong Kong’s State Theatre
New World Development has acquired three shops in Hong Kong’s historic State Theatre complex, paying more than double their estimated value as the developer closes in on its redevelopment plans for the 67-year-old theatre.
The listed building, which was put… Read More>>
Compulsory Sale Moves Henderson Closer to 1M SqFt Kowloon Project
Henderson Land Development has moved a step closer to consolidating a site for a 1 million square foot mixed-use project in Kowloon’s Hung Hom area, thanks to a judicial ruling last week.
Hong Kong’s Lands Tribunal last week approved an… Read More>>
Henderson Land, Swire Properties Buying Up Quarry Bay Block Next to Taikoo Place
Henderson Land and Swire Properties are set to expand the Taikoo Place commercial cluster in eastern Hong Kong island after acquiring the majority of an aging residential building adjacent to the Quarry Bay development.
Within the last two weeks a… Read More>>
HK’s CSI Pays Triple-Price to Acquire Last Piece of Sheung Wan Tea House SiteÂ
CSI Properties has completed the purchase by compulsory sale of a building in Hong Kong’s Sheung Wan area that is home to the sole surviving branch of the Lin Heung Tea House, one of the city’s most famous dim sum… Read More>>