Another acquisition could be on the way for the world’s largest real estate fund manager as Blackstone has won approval for its $6.3 billion bid for Australia’s Crown Resorts, with that story leading our roundup today. Also in the news,… Read More>>
Chinachem Wins Third HK Site in 15 Months With $350M Tung Chung Bargain Bid
Hong Kong-listed developer Chinachem won its third government land sale in 15 months late last week when it took advantage of a tepid development market to pick up a commercial site near Hong Kong’s international airport at a bargain price,… Read More>>
Bids for $9B Hong Kong Waterfront Project “Site 3” Due Today
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>>
Mapletree Aims for First Hong Kong Data Centre After Buying $104M Site
Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.
“We are excited about winning this development land parcel,”… Read More>>
Wharf Holdings Leads $935M Group Buy of Site at Hong Kong’s Peak
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 Govt to Sell Five New Sites by End March Despite Market Uncertainty
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>>
China Overseas Land & Investment Bags Kai Tak Plot With $551M Bid
Mainland muscle is flexing yet again in Hong Kong’s land market, as China Overseas Land & Investment on Wednesday beat out nine rivals, including eight of the city’s top local builders, to snag a waterfront residential plot in the Kai… Read More>>
Hong Kong Relaunches Pricey Land Plot on the Peak
The impending sale of a waterfront site on Central’s waterfront may be grabbing the attention of Hong Kong real estate watchers, but the government also this week announced plans for a second attempt at selling a luxury residential site on… Read More>>
Hong Kong Aims to Sell HK$40B Central Waterfront Site By Year-End
Despite a tepid investment market, political and economic uncertainty and an ongoing public health crisis, the Hong Kong government is moving forward with an attempt to sell a trophy site site fronting the Central business district’s waterfront before the end… Read More>>
Hong Kong Government Cancels Kai Tak Land Sale as Bids Disappoint
The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow to its plans for redeveloping the former airport site.
The city’s Lands Department said that it had cancelled the tender… Read More>>