The Hong Kong government withdrew the tender for a residential development site in the New Territories this week after no bid met the reserve price, marking the sixth cancellation out of more than 70 tender exercises for government land sales… Read More>>
Chinachem Wins Third HK Site in 15 Months With $350M Tung Chung Bargain Bid
Hong Kong-listed developer Chinachem won its third government land sale in 15 months late last week when it took advantage of a tepid development market to pick up a commercial site near Hong Kong’s international airport at a bargain price,… Read More>>
CK Asset Wins Residential Site in Hong Kong’s To Kwa Wan for $767M
CK Asset Holdings, the development flagship of magnate Li Ka-Shing, has bested six competing bids to win a 58,534 square foot (5,438 square metre) residential site in Hong Kong’s redevelopment hotbed of To Kwa Wan for HK$5.99 billion ($767 million),… Read More>>
Hong Kong Aims for Sale of 13 Residential, 4 Commercial Sites This Year
Hong Kong’s government on Wednesday released a fiscal 2022-23 budget promising to increase land sales for housing and commercial development and tap cash reserves to jump-start infrastructure works within the planned Northern Metropolis.
In an announcement shadowed by the city’s… Read More>>
Luxury Residential Site in Hong Kong’s Repulse Bay Sells for Record Price
A plot in Hong Kong’s Repulse Bay area has attracted a record high price for a residential site sold at government auction, with local developer SEA Holdings besting eight competing bids with a HK$1.19 billion ($152.3 million) tender.
The Hong… Read More>>
Tender in Hong Kong’s Repulse Bay Could Yield City’s Priciest Housing Site Ever
A residential development site in Hong Kong’s exclusive Repulse Bay area will go up for sale in a public tender opening on 31 December, the government announced late last week.
The land parcel on South Bay Road, known as Rural… Read More>>
Henderson Outbid Runner-Up by 37% to Win $6.5B Hong Kong Harbourfront Site
Henderson Land Development’s level of enthusiasm for the Hong Kong harbourfront has become clearer after the government revealed that the firm’s winning bid of HK$50.8 billion ($6.5 billion) for the Site 3 plot in Central had topped the next-highest offer… Read More>>
Henderson Wins Hong Kong Harbourfront Site With Record $6.5B Bid
Henderson Land Development has agreed to pay a record HK$50.8 billion ($6.5 billion) for a harbourfront site in Hong Kong, with the successful government land sale coming as confidence returns to the world’s most expensive real estate market.
The developer… Read More>>
Lai Sun Adds to Residential Pipeline with $206M Kowloon Tong Buy
Local builder Lai Sun Development moved to expand its development pipeline this past week, in the midst of Hong Kong’s housing boom, as it topped 16 competing bids to win a residential site in Kowloon Tong for a price of… Read More>>
CK Asset Wins Tender for New Territories Housing Site With $91.8M Bid
CK Asset Holdings, the development flagship of billionaire Li Ka-shing’s business empire, has taken a step towards replenishing its thin project pipeline after topping 15 rival bids to secure a residential plot in the New Territories for a greater-than-expected HK$716… Read More>>
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