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Chinese Govt Derails Hang Lung’s Purchase of US State Dept Site in Hong Kong

2020/12/30 by Michael Cole Leave a Comment

Just a few weeks after cancelling 2020’s biggest IPO, China’s central government has seized another opportunity to assert its authority in the business realm by blocking an agreement for the sale of a US consular property in Hong Kong.

In… Read More>>

Ronnie Chan

Hang Lung Buys US Govt Plot in Hong Kong at 37% Off 2018 Rates

2020/09/10 by Elizabeth Kerr 1 Comment

Under a cloud of sanctions and suspended trade privileges, the US government sold a set of consular residences in Hong Kong’s southern District to Hang Lung Properties for HK$2.6 billion ($331 million), the developer said in an email to Mingtiandi… Read More>>

US Consulate’s HK$5.2B Site Could Sell for 24% Off Amid Hong Kong Downturn

2020/06/03 by James Hatton Leave a Comment

Amidst growing friction with Chinese authorities, the US Department of State has put up for sale a residential site in one of Hong Kong’s most exclusive enclaves, and it could be set to sell for nearly a quarter less than… Read More>>

16 Shouson Hill Road

Mainland Developer Said to Back HK$1.86B Purchase of Hong Kong Luxury Site

2019/01/05 by Jan Kot Leave a Comment

Carnival Group International Holdings has agreed to sell a low-density residential project on the south side of Hong Kong Island for HK$1.86 billion ($237 million), according to a Hong Kong Stock Exchange filing, bringing the tourism-focused developer a 43 percent capital… Read More>>

39 Shouson Hill Hong Kong

China Resources Land Revealed as Buyer of HK$5.9B Hong Kong Housing Site

2018/07/22 by Richard Meyer Leave a Comment

China’s clampdown on outbound capital may have brought low once-powerful investors such as Dalian Wanda and HNA, but at least some players still have some cash to spend across the border, as a company controlled by directors of Shenzhen-based developer… Read More>>

Shouson Chow

China Resources Said to Break HK Residential Land Price Record with HK$6B Buy

2018/06/06 by Shawna Kwan Leave a Comment

Mainland state-owned conglomerate China Resources is said to have snapped up one of Hong Kong’s most prestigious home sites, and has set a land price record in the process.

The Shenzhen-based giant, which invests in businesses from retail to energy… Read More>>

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