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>>
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>>
Wheelock Wins Residential Site in Hong Kong’s Kennedy Town with Bargain $220M Bid
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>>
Blackstone’s $6.3B Crown Bid Approved and More Asia Real Estate Headlines
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 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>>