Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector. But analysts said the moves remained uneven, with many newly launched projects still offering sizeable concessions as developers continued to prioritise clearing unsold…
Airport Authority Hong Kong is in talks with New World Development (NWD) to get a massive commercial property project at the heart of Hong Kong’s international airport back on track, according to several sources familiar with the matter. The authority is considering the option of seeking a new partner to undertake and complete the work…
David Wraight, managing director at Morgan Stanley, has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8 million), joining a growing cadre of global financiers on the hunt for high-value properties at reduced rates. The two flats in the first phase of Deep Water Pavilia in Wong Chuk Hang, developed by New…
David Wraight, managing director at Morgan Stanley, has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8 million), joining a growing cadre of global financiers on the hunt for high-value properties at reduced rates. The two flats in the first phase of Deep Water Pavilia in Wong Chuk Hang, developed by New…
The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island are expected to sell out, according to property agents, as homebuyers rushed to snap up available units this weekend on the back of discounted pricing and low interest rates. As of 1pm on Saturday,…
A consortium of builders led by New World Development (NWD) priced a new residential project on the south side of Hong Kong Island below all neighbouring developments, as the embattled company seeks to whittle down HK$124 billion (US$15.8 billion) in debt. The developers priced 101 flats in the 447-unit Deep Water Pavilia project in Wong…