Following last month’s successful sale of a Lantau Island residential site by MTR Corp, the Hong Kong government plans to relaunch its tender of a nearby plot as its sole piece of land to go up for sale during the… Read More>>
CK Asset Bid for Hong Kong Project Rejected and More Asia Real Estate Headlines
Hong Kong builder CK Asset’s bid for a Kowloon commercial site gets shot down by authorities, with that setback leading today’s headline roundup. Also making news, China Vanke reports another massive quarterly loss and CapitaLand Ascott Trust posts an 8… Read More>>
Chinachem Wins Hong Kong Site Tender With $131M Bid and More Asia Real Estate Headlines
Locally based builder Chinachem has been awarded a residential site in Hong Kong’s New Territories, with that story leading today’s headline roundup. Also making the list, GLP cancels a bond sale over insufficient demand and Mapletree Industrial Trust completes a… Read More>>
SHKP Buys Hong Kong Housing Site at Half-Off 2022 Pricing as Market Slide Continues
Despite drawing 11 bids from interested developers, a residential site in Hong Kong’s New Territories sold for less than half of 2022 rates this past week, as the city’s housing market continues to slide.
A unit of developer Sun Hung… Read More>>
Hong Kong Land Sale Surprises as 10 Developers Bid and More Asia Real Estate Headlines
Unexpected enthusiasm leads Mingtiandi’s roundup of real estate news from around the region today as a government auction of a residential site in Hong Kong’s ho-hum market attracts 10 developers. PAG also makes the news with plans to up its… Read More>>
Hong Kong Government Offering Single Residential Site for Tender This Quarter
The Hong Kong government on Thursday announced plans to offer a single residential site in the New Territories’ Sha Tin district under the city’s quarterly land sale programme.
In the July-September period, which corresponds to the second quarter of Hong… Read More>>
Hong Kong Suspends Government Land Sales in Q1 as Developer Demand Dries Up
Hong Kong has paused government sales of commercial and residential land for the first quarter of this year because of weak demand from developers after a string of lacklustre tenders.
In the January-to-March period, which corresponds to the fourth quarter… Read More>>
Hong Kong Private Housing Completions to Drop 44% Over Three-Year Period: JLL
Annual completions of private housing in Hong Kong for the three years of 2026-28 are expected to fall 44 percent compared with those in 2023-25, according to a JLL forecast.
Declining homebuyer interest and pressure on builders from high interest… Read More>>
Sole Bidder Sino Land Wins Lantau Island Residential Site for $26M
Hong Kong’s Lands Department on Wednesday awarded a residential development site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.
The builder controlled by tycoon Robert Ng was the sole… Read More>>
Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total
The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.
The government has withdrawn four residential sites from tenders since… Read More>>
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