Company Overview and News

 
Hong Kong developers raise prices of flats by up to 70 per cent as record Kai Tak land sale boosts confidence

8h scmp
Analysts say the surge has been fuelled by a land auction at the site of the city’s former airport which fetched HK$25.16 billion, a record price for a residential plot

 
Group led by Hong Kong conglomerate New World Development wins Singapore plot for US$306.76 million

2018-05-17 scmp
Hong Kong conglomerate New World Development is part of a consortium that has won the tender for a luxury residential site close to Orchard Road, Singapore’s famous shopping and entertainment strip, securing the plot for S$2,377 per square foot, a record for all government residential sites in the city.

 
Hong Kong’s record US$3.2bil land sale shows rate fear is benign

2018-05-16 thestar.com.my
Super high-end: The Kai Tak area in Kowloon has become one of Hong Kong’s hottest property markets, attracting a flock of investors in recent years. — Reuters

 
Sun Hung Kai pays HK$25.1 billion for Hong Kong’s costliest residential land at Kai Tak

2018-05-15 scmp
One of the city’s largest land owners won the 14th government tender by paying a record HK$25.1 billion for a plot with gross floor area of 1.42 million sq ft

 
Hopes dwindling for British sailor overboard in Volvo Ocean Race

2018-03-27 yahoo
Deteriorating weather forced a Volvo Ocean Race yacht to abandon its search for a British crew member washed overboard in the hostile Southern Ocean Tuesday, with organisers admitting hopes of finding the man alive were fading.

 
Hong Kong sees massive wealth transfer from tycoons to heirs

2018-03-20 bworldonline
THE RETIREMENT of Hong Kong billionaire Li Ka-shing marks another milestone in a vast wealth transfer now underway from a scrappy generation of Chinese empire builders to their heirs.

 
Hong Kong sees massive wealth transfer from tycoons to heirs

2018-03-20 themalaymailonline
Li Ka-shing listens to his son Victor Li, Co-Managing Director and Deputy Chairman of CK Hutchison Holdings Limited, during a news conference in Hong Kong March 16, 2018. — Reuters picHONG KONG, March 20 — The retirement of Hong Kong billionaire Li Ka-shing marks another milestone in a vast wealth transfer now underway from a scrappy generation of Chinese empire builders to their heirs.

 
Hong Kong’s first home offer of 2018 poised to sell out as buyers snap up Wheelock’s Malibu flats

2018-03-17 scmp
Wheelock & Co., which last week kicked off Hong Kong’s first sale of residential property this year, is poised to extend the success of its campaign for the second week running.

 
Flash - Vestas misses start of Volvo leg six - France 24

2018-02-07 france24
The round-the-world Volvo Ocean Race will resume without Vestas 11th Hour Racing when the sixth leg from Hong Kong to Auckland begins Wednesday.

 
Micro flats go on sale at The Astro in Hong Kong’s Cheung Sha Wan to strong demand

2018-01-28 scmp
Buyers flocked to four new residential developments in Hong Kong on Saturday as micro flats went on sale to strong demand in Cheung Sha Wan.

 
HNA will go it alone to build at the former Kai Tak airport, denies joint project with Sun Hung Kai

2018-01-25 scmp
HNA Group, the Chinese conglomerate that muscled its way into Hong Kong’s real estate market in 2016 and 2017, said it will go it alone in building on the former Kai Tak airport site, for which it paid a record HK$27.2 billion (US$3.48 billion).

 
Tide of money drowns out HK property warning by central banker

2018-01-19 themalaymailonline
Buyers and property agents line up for developer Sun Hung Kai's property sales in Hong Kong January 13, 2018. — Reuters picHONG KONG, Jan 19 — Why are official warnings of the threat that rising interest rates pose to Hong Kong’s red-hot housing market falling on deaf ears?

 
Crowds jostle for Hong Kong flats, no end in sight to housing boom

2018-01-13 themalaymailonline
Buyers and property agents line up for developer Sun Hung Kai's property sales in Hong Kong January 13, 2018. — Reuters picHONG KONG, Jan 13 — Hong Kong’s red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year today, backing expectations strong demand will further lift record prices by 5 to 20 per cent over the year. The Asian financial hub has one of the most expensive housing markets in the world, with private home prices shattering historic records for 13 months in a row and rising almost 200 per cent since 2008.

 
Hong Kong’s politics deter options to alter land sales policy, cut property prices

2017-12-23 scmp
Hong Kong’s government is on track to post a record haul from selling land to housing and commercial developers in its fiscal year ending March 2018, bolstered by ever-rising prices in the world’s most expensive urban centre.

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