Hong Kong’s MTR Corporation has awarded the rights for the fifth phase of property development at Wong Chuk Hang metro station to a consortium of four local developers, reportedly for a lower premium than was paid in the fourth-phase tender.
Despite tales of retail woe from around the region, an announcement of the impending purchase of a Beijing shopping mall leads our headline roundup today, as a Singapore-listed REIT adds to its portfolio.
Also in the news, Hong Kong recorded… Read More>>
Property dynasties lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the biggest four Hong Kong tycoons have passed on empires worth a combined $109 billion, while the Chinese government has taken another step… Read More>>
Hong Kong’s Lands Department on Tuesday announced that a consortium of six developers had won the third-largest residential plot on what had been the runway of Hong Kong’s former Kai Tak airport for a record HK$12.6 billion ($1.6 billion).
The… Read More>>
Walter Kwok, once the chairman of Hong Kong’s largest property developer, Sun Hung Kai, passed away Saturday morning in the city’s Adventist Hospital, according to a report in the South China Morning Post.
The death of Kwok, who inherited part… Read More>>
Leading today’s Hong Kong real estate news, Li Ka-shing’s CK Asset Holdings achieved record-high sales for the industry last year by moving HK$53 billion in flats. Also in the headlines, mainland developers have changed their land-buying tactics in the city… Read More>>
Leading today’s Hong Kong real estate news, former Sung Hung Kai chairman Walter Kwok has put down HK$6 billion to redevelop a 50-year-old clubhouse, and a project headed by a former sidekick of Richard Li has started selling off office… Read More>>
Hong Kong’s richest man predicts the city’s home prices will continue to climb in 2017, despite government curbs and a surge of supply. Also in the news today, a Chongqing developer hopes to make a £500 million deal in London,… Read More>>
The headlines are full of stories of the Chinese government clamping down on credit to the real estate industry today, including comments from a top banking regulator saying that property loans are not a big issue. In other news, Hong… Read More>>
Shanghai-based Shui On Land is hoping the city’s property boom lasts long enough for it to sell homes near its Xintiandi complex for RMB 300,000 ($44,000) per square meter, while on the Hong Kong stock exchange, investors are already selling… Read More>>