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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>>

Kerry Properties CEO Kuok Khoon Hua

Kerry Properties Wins Residential Site in Hong Kong’s Tsuen Wan with $180M Bid

2023/02/19 by Beatrice Laforga Leave a Comment

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 David Tang

MTR Withdraws Tender for Lantau Island Site in Third Hong Kong Land Sale Fail of 2023

2023/02/14 by Beatrice Laforga Leave a Comment

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 housing

Singapore Boosts Taxes on Ultra-Luxury Home Sales and More Asia Real Estate Headlines

2023/02/14 by Christopher Caillavet Leave a Comment

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.

Read More>>

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Stanley Land Sale Fails as Four Bidders Fall Short of HK Government’s Target

2023/01/15 by Mingtiandi Team Leave a Comment

The tender for Hong Kong’s first residential plot of 2023 was withdrawn on Tuesday, as offers from four bidders for a luxury site in the Stanley area failed to reach the government’s expectations after analysts had predicted it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>>

Hong Kong Tycoon Li Ka-shing

CK Asset Paying $1.1B to Buy Second Hong Kong Residential Site in One Week

2022/12/21 by Pawara Laothamatas Leave a Comment

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>>

Sun Hung Kai Raymond Kwok

SHKP Wins Kowloon East Commercial Site for $38M

2022/11/25 by Iris Hong Leave a Comment

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>>

raymond kwok sun hung kai shk

SHKP Wins Tender for West Kowloon Commercial Project

2022/11/24 by Christopher Caillavet Leave a Comment

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

2022/11/17 by Pawara Laothamatas Leave a Comment

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>>

Hannah Jeong Colliers

CK Asset Buys Re-tendered Tuen Mun Residential Project for $586M

2022/10/06 by Pawara Laothamatas Leave a Comment

CK Asset Holdings has topped four competing bids to acquire a residential development site in Hong Kong’s New Territories for HK$4.6 billion ($586 million), according to an announcement published on Wednesday.

The developer controlled by billionaire Li Ka-shing acquired the… Read More>>

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