Sun Hung Kai Properties has agreed to pay the largest sum ever at a government land sale in one of the world’s most expensive real estate markets when the listed real estate developer won a government tender for a residential… Read More>>
$2.7B Kai Tak Project Could Break Record for Hong Kong’s Priciest Housing Site
A development consortium including Wheelock, K Wah International and Sino Land shocked Hong Kong by paying a record HK$17.28 billion ($2.21 billion) for a waterfront residential site in Cheung Sha Wan late last year. Five months later, a residential lot… Read More>>
Chinachem Outbids 24 Developers to Win Kwun Tong Site for $397M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city’s Kowloon East, shouldering aside 24 other bidders to offer HK$3.1 billion ($397 million).
Other competitors for the site… Read More>>
Nine Hong Kong Bidders Compete for $1.4B Site in City’s Central District
A prime commercial site in Hong Kong’s Central area may sell for up to HK$11 billion ($1.41 billion), after drawing nine bids from local developers in a tender that closed on Monday.
The city’s Urban Renewal Authority (URA) announced that… Read More>>