Luxury Real Estate Blog and News
Cheung Sha Wan
The Secretary for Development, Mr Paul Chan Mo-po, said that a commercial site at King Lam Street, Cheung Sha Wan, with a maximum GFA of 998,400 sq ft, will be tendered in the 3rd quarter.
The Town Planning Board will discuss this Friday, the plan for plot no.3 of the New Central Harbourfront which covers the Central Post Office and an adjacent site.
Kau To residential plot in Sha Tin has been awarded to Cheung Kong Property at a high price of HKD 1.953 billion, or HKD 8,000 per sq ft of permissible GFA.
The Land Registry announced that the tender of the plot at Kai Tak Area 1K Site 3 will start on 23 September (next Friday) and close on 28 October.
The tender for the residential plot on Lai Ping Road, Kau To, Sha Tin will be closing this Friday.
Mid Levels Central
The Hong Kong government auctioned off real estate in a luxury residential area Thursday for less than the market had expected, reflecting caution among some developers toward a market that has seen record prices but which could slow as authorities implement measures to keep prices in check.
Estancia Punta del Agua, the largest ever block of freehold land to come onto the market in Argentina is being sold by a London based agent.
Hong Kong property developer Sun Hung Kai Properties yesterday bought a rare prime residential site in a highly anticipated government auction for HK$4.49 billion (US$578 million).