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Land and home prices in the city have risen consistently since the fourth quarter of 2016
Developers’ enthusiasm for land tenders has shown no signs of easing – a residential site in Hong Kong’s Kwun Tong has attracted stronger than expected interest. But valuers said infrastructure in the region might not be able to support the extra population.
Wharf pays HK$12.45 billion, or HK$28,530 per sq ft for the plot, smashing the previous record of HK$21,016 per sq ft for Kowloon
HONG KONG: Hong Kong stocks rose for a ninth straight session on Friday, aided by strong gains by real estate firms, and the benchmark Hang Seng Index closed at a 10-year high. Chinese appetite for Hong Kong equities, ample cash supply and optimism over share reforms could propel the city's benchmark stock index up as much as 15 percent this year, after an already bullish run in 2017, fund managers and analysts say.
The buying remained high while the selling among directors rose for the second straight week based on filings on the Hong Kong exchange from December 18 to 22.
The sale has drawn mainly small developers like Wang On Properties, Chevalier International Holdings and K&K Property
Company snaps up a seventh site this year, to be redeveloped into a residential complex in partnership with electric utility CLP
CSI Properties unveiled a plan for an office-retail-hotel project, to be developed as a joint venture with Wing Tai Properties on a recently acquired plot next to SoHo, at an estimated cost of HK$15 billion (US$1.9 billion).
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