Goldin Financial Holdings is hoping to offload a piece of land which had once been part of the runway of Hong Kong’s former airport, as a property slump in the Asian financial hub has been intensified by the virus pandemic.
COLI, Henderson, K Wah and Wharf Buy HK$15.95B Kai Tak Site at a Discount
As clashes between police and protesters in Hong Kong escalate, the largest piece of land on the site of the Asian financial hub’s former airport has been sold at a discount to a consortium of Hong Kong-listed developers.
The city’s… Read More>>
Macron Cancels $3.3B Wanda Project in France and More Asia Real Estate Headlines
The travails of a developer who was once Asia’s richest man lead the way in today’s list of real estate news from around the region, as the president of France announces the end of a Paris project backed by Wang… Read More>>
Straits Trading Agrees to Acquire Trio of Tokyo Buildings and More Asia Real Estate Headlines
Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.
Hong Kong’s ongoing struggles also… Read More>>
Developers Fail to Land in Kai Tak as Hong Kong Government Cancels Latest Site Sale
As Hong Kong edges into its fourth month of social unrest, the city government announced yesterday that it had cancelled the latest sale of a plot on a former airport runway in Kowloon East.
The Lands Department said it had… Read More>>
Far East Consortium Pays HK$2.45B to Win Kai Tak Site at 9% Discount
Hong Kong’s Lands Department announced on August 12 that Far East Consortium International won a tender for the smallest plot of commercial land at Hong Kong’s former Kai Tak airport at a price of HK$2.45 billion ($312 million).
The local… Read More>>
Wheelock, K Wah and COLI Win Kai Tak Site for HK$12.74B
A joint venture invested by Wheelock Properties, K Wah International Holdings and China Overseas Land and Investment has won a tender for the biggest plot of residential land on what was once the runway of Hong Kong’s Kai Tak airport… Read More>>
China Resources Land, Poly Developments Win Kai Tak Site for HK$12.9B
Hong Kong’s Lands Department announced on Wednesday that a joint venture between China Resources Land and Poly Developments won a tender for the second-biggest parcel of land on the runway of Hong Kong’s former Kai Tak airport for HK$12.9 billion… Read More>>
$1.7B Land Auction Postponed By Hong Kong Protests and More Asia Real Estate Headlines
A dumped $1.7 billion land auction leads the way in Mingtiandi’s roundup of real estate headlines today with the Hong Kong government having postponed the sale of a residential site in Kowloon amid street protests against the now delayed… Read More>>
Goldin Forfeits HK$25M Deposit to Walk Away From Record Kai Tak Land Purchase
Goldin Financial is abandoning its HK$11.1 billion ($1.41 billion) purchase of a commercial site on the former runway of Hong Kong’s Kai Tak airport, citing the city’s economic and social instability as motivation for its decision.
The aborted land buy… Read More>>
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