China Merchants Land – Charm

Hong Kong logistics group’s CEO buys US$17 million home as wealthy accumulate assets

Hong Kong’s Kerry Properties secures Shau Kei Wan residential plot for US$177 million

3 weeks ago02 mins

Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands…

Hong Kong residential plot fetches US$230 million as Chinese developer outbids city rivals

1 month ago03 mins

Hong Kong-listed mainland Chinese developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city’s largest developers with a higher-than-expected tender. The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its…