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Bernadette Linn Hong Kong

Hong Kong Government Offering Single Residential Site for Tender This Quarter

2024/07/07 by Christopher Caillavet Leave a Comment

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>>

Bernadette Linn Hong Kong

Hong Kong Suspends Government Land Sales in Q1 as Developer Demand Dries Up

2024/01/05 by Christopher Caillavet Leave a Comment

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>>

Norry Lee JLL

Hong Kong Private Housing Completions to Drop 44% Over Three-Year Period: JLL

2024/01/04 by Christopher Caillavet Leave a Comment

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>>

Robert Ng of Sino Land

Sole Bidder Sino Land Wins Lantau Island Residential Site for $26M

2023/12/21 by Christopher Caillavet Leave a Comment

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site on Lantau Island to Sino Land for HK$203.9 million ($26.1 million), defying expectations that the tender might be withdrawn.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>>

MTR Tung Chung

Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

2023/11/20 by Kevin He Leave a Comment

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The government has withdrawn four residential sites from tenders since… Read More>>

MTR chief executive Jacob Kam

MTR Plot Draws No Bids in Hong Kong’s Second Failed Land Sale in Under Two Weeks

2023/11/10 by Kevin He Leave a Comment

Hong Kong’s MTR Corporation failed to receive a bid by the close of a tender for a residential and retail project near Hong Kong’s International Airport this past week, marking the city’s second failed land sale this month.

Despite receiving… Read More>>

Robert Ng of Sino Land

Sino Land JV Wins Kai Tak Plot with Bargain $680M Bid in Depressed Hong Kong Market

2023/09/14 by Christopher Caillavet Leave a Comment

A consortium led by local builder Sino Land has won a tender for a residential plot in Hong Kong’s Kai Tak area with a bid of HK$5.35 billion ($680 million), representing a nine-year low for a government land premium at… Read More>>

Peter Woo (Getty Images)

Wheelock Wins Residential Site in Hong Kong’s Kennedy Town with Bargain $220M Bid

2023/07/06 by Beatrice Laforga Leave a Comment

Wheelock Properties has won a residential site in Hong Kong’s Kennedy Town at a lower-than-expected price of HK$1.72 billion ($220 million) as the housing market continues to cool in the Asian financial hub.

Hong Kong’s Lands Department announced the winning… Read More>>

Kennedy Town Site

Tender Opens for Plot in Hong Kong’s Kennedy Town and More Asia Real Estate Headlines

2023/05/22 by Christopher Caillavet Leave a Comment

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>>

Raymond Kwok of Sun Hung Kai Properties (Getty Images)

Hong Kong’s SHKP Wins Mong Kok Commercial Site for $602M

2023/03/02 by Greg Isaacson Leave a Comment

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>>

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