Asia real estate and outbound investment news
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>>
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 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>>
Hong Kong’s northern New Territories continues to command above-market land prices, particularly in the hotspot of Kwu Tung, where Wheelock Properties on Wednesday topped 11 rival bids to win a development site for HK$4.19 billion ($540 million).
The site, known… Read More>>
The future of Hong Kong’s waterfront is up for sale in a land auction that ends on Friday, with the tender also set to measure confidence in the city’s commercial real estate market.
Site 3 of the New Central Harbourfront,… Read More>>
CK Asset bested four other local tenderers to win the final residential plot on the former Kai Tak airport runway with a bid of HK$10.28 billion ($1.33 billion), Hong Kong’s government announced on Wednesday.
The property development arm of Li… Read More>>
Wharf Holdings has brought along some friends for its second trip to Hong Kong’s posh Peak district in the last two months, as the local developer joined with a group of investors to win a tender for a luxury residential… Read More>>
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.
In today’s look at real estate news around the region, a Spanish fashion brand has more bad news for mall and shop owners, as it confirms plans to shift growth to online shopping this year.
Also in the news, the… Read More>>
After a record-breaking land sale at Victoria Peak just before year-end, Hong Kong authorities are boosting the supply of residential plots coming to market in the next three months, despite ongoing uncertainty in the housing market.
The city’s secretary for… Read More>>
