Company Overview and News
Flats to be built on land at Wong Chuk Hang are likely to fetch prices similar to those in the city’s more traditional upmarket areas, analysts forecast
South Lantau’s ‘Riviera’ has developed close to Cheung Sha’s pristine beaches with two main sites, Whitesands and Botanica Bay
A plot of land in Kowloon (pic) has gone for a record HK$17.3 billion to a consortium in the lastest sign of a hot Hong Kong property market. — AFP picHONG KONG, Nov 16 — A consortium including Sino Land Co paid a record HK$17.3 billion (US$2.2 billion or RM9.29 bilion) for a plot of residential land in Hong Kong, signalling the property market is still running hot.
A waterfront residential site in Cheung Sha Wan was sold to a consortium of five companies from Hong Kong and the mainland for HK$17.28 billion (US$2.21 billion) on Wednesday, making it the city’s most expensive plot.
With a market capitalisation of US$12 billion at the end of its market debut day, the Tencent unit is more valuable than famous names like Cathay Pacific and Lenovo
Housing starts are less than half of the 25,500 units built in 2016, but analysts said that with the government planning to release more land, prices will not rise abruptly
At least nine Hong Kong developers have submitted bids for the Peel Street tender in Central
Converting farmland to residential seen as feasible solution for a government starter home scheme in partnership with private developers
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Other bidders included Sino Land, Sun Hung Kai, Cheung Kong Property, and Wheelock, but bidding overall was dominated by Hong Kong developers
Sino Land has won a residential land plot in Ma On Shan, in Hong Kong’s New Territories, for HK$1.38 billion, setting a new record for the area.
Hong Kong’s mall operators seem to be pulling out all the stops to woo young shoppers this summer.
Shenzhen Investment, working in partnership with sister company Road King Infrastructure, beat out nine rival bidders for the Tuen Mun site, paying HK$3.17 billion
A consortium formed by Sino Land, China Overseas Land & Investment and K. Wah International won development rights for a residential project at West Rail’s Kam Sheung Road station in Yuen Long with an upfront lump sum payment of HK$8.33 billion (US$1 billion).
Chinese companies continue to shy away from Hong Kong’s land market with just one mainland backed company known to have submitted a bid for a residential site in Yuen Long.
13h - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton