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>>
Warburg Nears $4.25B Final Close on China-SE Asia Fund and More Asia Real Estate Headlines
Less than two weeks after filing the paperwork for its latest Asia fund, US-based private equity firm leads Mingtiandi’s roundup of real estate news with a report that it is ready to call a final close to the vehicle after… Read More>>
Goldin Buys 2nd Kai Tak Plot for Record HK$11.1B and More Asia Real Estate Headlines
Another Kai Tak land sale leads the way in Mingtiandi’s roundup of Asia real estate headlines today with news that Hong Kong developer Goldin Financial beat off stiff competition to win its second plot on the former airport for HK$11.1… Read More>>
Henderson, Wheelock and New World Lead HK$12.6B Kai Tak Land Buy
Hong Kong’s Lands Department on Tuesday announced that a consortium of six developers had won the third-largest residential plot on what had been the runway of Hong Kong’s former Kai Tak airport for a record HK$12.6 billion ($1.6 billion).
The… Read More>>
Wheelock Makes HK$4B in Biggest Housing Launch in 6 Years and More Asia Real Estate Headlines
In today’s roundup of real estate headlines from Asia, Hong Kong’s housing rebound leads the way with home sales reaching new records over the weekend.
Elsewhere in the region, the investors behind an online to offline coffee startup seem eager… Read More>>
Wheelock, Henderson, COLI and New World Team Up to Win Kai Tak Site for HK$9.9B
Hong Kong’s Lands Department on Wednesday announced that a consortium of three Hong Kong developers, together with the mainland’s China Overseas Land & Investment had won the largest residential site on what had been the runway of the city’s former… Read More>>
Kai Tak Residential Site Gets Six Bids From 10 Hong Kong Developers
Hong Kong’s Lands Department announced on March 22 that it had received six bids from a total of 10 developers for a 103,150 square foot (9,583 square meter) residential plot on the site of the city’s former Kai Tak Airport.
HNA Sells Last Kai Tak Plot to Wheelock for HK$740M Loss
HNA Group has sold off its last piece of land in Hong Kong’s Kai Tak area at a HK$740 million ($94 million) loss, as the mainland conglomerate struggles to liquidate assets in a slowing market.
Hong Kong International Construction Investment… 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>>
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