URA Makes Aggressive Purchase Offer The Urban Renewal Authority will issue an acquisition offer of HK$15,383 per square foot to property owners who will be affected by its three proposed redevelopment projects in Kowloon City. The offer is the highest that it has made in its redevelopment projects. The three proposed redevelopments are the Bailey Street and Wing Kwong Street […]

HK Raised Base Rate by 0.25%, Following US Fed’s Move The US Federal Reserve announced that the benchmark interest rate would rise by 25 basis points, boosting federal fund rates to a target range of between 0.5 and 0.75 per cent, up from 0.25 to 0.5 per cent since December 2015. Fed Chair Janet Yellen expected three further rise in […]

Spacious’ View: Tai Po residential site awarded at the low end of market valuation – in contrast to the two previous land sales with a higher market expected prices. Manhattan Group won Tai Po residential site for HK$323m A residential site on Yat Yiu Avenue in Tai Po was awarded yesterday to Manifold Ltd, a company associated with Hong Kong-based Manhattan […]