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Hong Kong Property | February 16, 2017

2/16 News Roundup: NWD Won Cheung Sha Wan Commercial Site For HK$7.79b, Eden Manor To Reveal Prices this Weekend

NWD Won Cheung Sha Wan Commercial Site For HK$7.79b New World Development beat eight competitors as it acquired in a government tender a commercial site at King Lam Street in Cheung Sha Wan with a winning bid of HK$7.79 billion. Its offer was about 4% over the upper limit of analysts’ valuation of the site. New World’s bid exceeded the […]

Hong Kong Property | December 30, 2016

12/30 News Roundup: K Wah Won Kai Tak Plot for HK$5.8b, Hong Kong Set to Exceed Housing Supply Target

K Wah Won Kai Tak Plot for HK$5.8b K Wah International Holdings Ltd. has won Kai Tak Area 1K Site 2 for HK$5.868 billion, which lines at the upper limit of market expectation. The site has a total gross floor area of 574,270 square feet, putting it at about HK$10,200 per square foot – over 20% cheaper than the cost […]

Hong Kong Property | December 20, 2016

12/20 News Roundup: HNA Won Another Kai Tak Site For New Record Price, Far East Office The Most Expensive in Hong Kong

HNA Won Another Kai Tak Site For New Record Price HNA Holding Group has outbid 20 rivals to win its second residential site in Kai Tak for a record HK$13,600 per square foot. HNA secured the parcel of land, known as Kai Tak Area 1L Site 3, with a bid of HK$5.41 billion, 23% higher than the market expectation of […]

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