In today’s roundup of regional headlines, the Lands Department launches the sale of a Kennedy Town residential plot in Hong Kong’s first government tender of the financial year, and Amazon renews leases for India office park space despite recent job… Read More>>
Hong Kong’s SHKP Wins Mong Kok Commercial Site for $602M
Hong Kong’s Lands Department has awarded Sun Hung Kai Properties (SHKP) a site in Kowloon’s Mong Kok area at a price of HK$4.73 billion ($602 million), clinching the city’s first commercial land sale of the year at a value significantly… Read More>>
Kerry Properties Wins Residential Site in Hong Kong’s Tsuen Wan with $180M Bid
Kerry Properties won a residential site in Hong Kong’s New Territories for HK$1.44 billion ($180 million) to record the city’s first successful government land sale this year.
The HKEX-listed developer, through its subsidiary Wealthy Guide Ltd, has been awarded the… Read More>>
MTR Withdraws Tender for Lantau Island Site in Third Hong Kong Land Sale Fail of 2023
Hong Kong’s MTR Corporation has ended a tender for a HK$10 billion ($1.27 billion) project in northern Lantau island without finding a buyer after the three bids received for the commercial and residential site fell short of the government-backed transport… Read More>>
Singapore Boosts Taxes on Ultra-Luxury Home Sales and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, Singapore enacts a fresh round of tax hikes on property purchases to raise extra revenue for the city-state’s coffers, and sovereign fund GIC reportedly has second thoughts about private investments in China.
Stanley Land Sale Fails as Four Bidders Fall Short of HK Government’s Target
The tender for Hong Kong’s first residential plot of 2023 was withdrawn on Tuesday, as offers from four bidders for a luxury site in the Stanley area failed to reach the government’s expectations after analysts had predicted it might sell… Read More>>
CK Asset Paying $1.1B to Buy Second Hong Kong Residential Site in One Week
CK Asset Holdings has picked up a residential development site in Hong Kong’s Kai Tak area for HK$8.7 billion ($1.1 billion), according to a Wednesday announcement, breaching the low end of market expectations by about 23 percent as home prices… Read More>>
SHKP Wins Kowloon East Commercial Site for $38M
Sun Hung Kai Properties has bested three competing bidders to win a tender for a retail site in Hong Kong’s Kowloon East, at a price more than 50 percent less per square foot than what Link REIT paid in late… Read More>>
SHKP Wins Tender for West Kowloon Commercial Project
Sun Hung Kai Properties had been awarded the tender for a commercial project in Hong Kong’s West Kowloon area after the blue-chip builder submitted the sole bid for the development site earlier this month.
SHKP won the right to develop… Read More>>
CITIC Pacific Wins Residential Site in Hong Kong’s Kwai Chung for $140M
The Hong Kong unit of China’s CITIC Group has picked up a 41,763 square foot (3,880 square metre) residential site in Hong Kong’s New Territories through a government land sale with a lowball bid of of HK$1.1 billion ($140.6 million),… Read More>>
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