Luxury Real Estate Blog and News
Lee Shau Kee, the city’s second-richest man, announced his plans to step down as chairman of Henderson Land Development Co. Tuesday.
A consortium of six developers agreed to pay a record HK$12.6 billion for the third-largest plot of residential land on the former Kai Tak airport’s runway
Developers that have not made progress on planned projects in Cambodian islands will need to return their land parcels to the government, Prime Minister Hun Sen warned.
Henderson Land Development has agreed to pay a land premium of HKD 2.218 billion, or HKD 6,728 per sq ft of GFA, for the change of land use right of the ex-Asia Cold Storage site on King Wah Road.
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.
City Developments has acquired a prime freehold land site in Tokyo with historical significance, as it steps up its overseas expansion plans.
Some Chinese real estate developers are pushing for more transactions in Hong Kong as the Mainland market slows down.
Chinese and Singaporean developers are contemplating bigger price cuts in an effort to attract more homebuyers as domestic residential markets start to cool down.