One of Hong Kong’s richest men is wrapping up a HK$324.7 million ($42 million) purchase of a Kowloon property now worth just over half that amount, thanks to the city’s rapidly declining housing market.
Tai Hung Fai Group… Read More>>
Properties in Hong Kong’s Sham Shui Po Sold for Co-Living, Retail Projects
Local investors have purchased 15 retail and residential properties at the Kin Sun Building in Hong Kong’s rapidly redeveloping Sham Shui Po area for a total of HK$100 million ($12.7 million).
Six retail shops spanning 3,914 square feet (364 square… Read More>>
Chinachem Wins West Kowloon Site for HK$913M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an official announcement late last week.
The company led by CEO Donald Choi shouldered aside 16 other bidders to win the… Read More>>
Hong Kong’s First Group Buys Tsuen Wan Office Site for HK$980M
Hong Kong’s once-frenzied commercial property market is flagging as months of political turbulence take a mounting toll on the city’s economy. But a pair of recent sales in the New Territories and Kowloon totaling more than HK$1 billion show that… Read More>>
Lai Sun Wins Kwun Tong Site for HK$883M and More Hong Kong Real Estate Headlines
Kowloon leads Mingtiandi’s roundup of top Hong Kong real estate headlines this week with a listed developer picking up a site Kowloon East’s Ngau Tau Kok area through a URA tender. Also on the peninsula, a Michelin star bearing dim… Read More>>
Henderson Land Wins HK$1.36B URA Project in Sham Shui Po
Hong Kong’s Urban Renewal Authority on Tuesday announced on its website that Henderson Land had won a tender for a mixed-use project in Kowloon’s Sham Shui Po area with a bid of HK$1.368 billion ($175 million).
The victorious bid by… Read More>>
HK Ferry Wins Sham Shui Po Project for HK$1B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, ferry operator Hong Kong Ferry has been awarded the rights to redevelop a project in Sham Shui Po for HK$1 billion ($131 million) by the city’s Urban Renewal Authority. Also in the headlines,… Read More>>
MTR’s Yau Tong Site Lures SHK, Wheelock and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the MTR Corporation’s tender for a residential site in Yau Tong, at the southeastern end of Kowloon ended at 2 pm on Friday with developers including Wheelock, Henderson Land Development and Albert Yeung’s… Read More>>
Floor in 9 Queen’s Road Central Breaks Price Record and More Hong Kong Real Estate Headlines
Record high prices make the news again today in Hong Kong, with confirmation that a floor in an office tower on Queen’s Road has sold at just under HK$60,000 per square foot.
Also in the headlines, a developer is planning… Read More>>
New Home Prices Soar 18% in Q1 and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, last quarter offered no relief to the city’s home buyers as new flat prices surged to the second-highest level since a local agency began keeping records in 1996. Also in the headlines, a… Read More>>