Hong Kong developer Sun Hung Kai Properties has won a residential parcel in Hong Kong’s New Territories for HK$6.31 billion ($804 million), according to an announcement by the city’s Lands Department, snatching up the Tai Po project for a higher… Read More>>
Hong Kong Cancels Kai Tak Site Sale as Developers Bid Low
Analysts are already predicting a quick rebound in Hong Kong’s property market, but the city’s developers may still need a bit more convincing, judging by the failed sale of a prime commercial site this week.
The Hong Kong government on… Read More>>
SHK’s SUNeVision Wins Hong Kong Data Centre Site for HK$5.4B
SUNeVision Holdings, a subsidiary of property giant Sun Hung Kai Properties, has won the tender for a data centre site in Hong Kong’s Tseung Kwan O district for HK$5.456 billion ($700 million), outbidding six other developers.
An announcement by the… Read More>>
Kai Tak Runway Site Tender Struggles to Take Off With Developers
A land parcel on what was once the take-off point for Hong Kong’s international airport, and the first housing site to be made available on a former Kai Tak runway, failed to take flight with developers on Friday when only… Read More>>
Homeowners to Spend 70% of Income on Mortgage and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, locals lucky enough to buy a new home will soon be spending an average of 70 percent of their monthly income on mortgage repayment, up from the previous 60 percent as mortgage rates rise,… Read More>>
Swire Wins Wanchai Condo Site for HK$2B and More Hong Kong Real Estate Headlines
Site sales dominate the headlines in today’s Hong Kong real estate roundup, with Swire Properties agreeing to pay billions of Hong Kong dollars to win a series of sites in Wanchai, where the top developer plans to build a residential-led… Read More>>