The family office of Henderson Land Development co-chairman and managing director Peter Lee Ka-kit has signed a deal with Kazakh authorities to advance a range of green energy projects in the Central Asian country. The cooperation was sealed on Tuesday and announced on Wednesday during Lee’s visit to Kazakhstan and his meeting with Prime Minister…
Hong Kong property developers are expected to report stronger first-half earnings in the coming weeks, buoyed by a rebound in home sales and improving development margins, as investors look for clues on whether the sector’s recovery is sustainable. Bank of America Global Research expected Hong Kong developers and conglomerates to post average core net profit…
Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, has sold out the first batch of units at its Garden Regency project in the New Territories on Saturday, according to agents. By 3.30pm, all 138 flats the developer had launched in the Kam Tin North project in Yuen Long had found buyers,…
Stretches of green farmland and shimmering ponds, winding village roads and sprawling brownfield logistics yards all lend Hung Shui Kiu in the New Territories a patchwork look of rustic Hong Kong standing in stark contrast to its glistening skyscrapers. This rural landscape is slated for radical transformation under the government’s ambitious Northern Metropolis blueprint and…
Hong Kong’s development chief has welcomed collaboration between property developers and industry operators in bids for the Northern Metropolis pilot project, saying the consortium reflected diversity and the government’s aim of pairing the two sectors. Secretary for Development Bernadette Linn Hon-ho made the remarks on Saturday despite the government only receiving two bids for the…
A Hong Kong migrant workers’ group has urged authorities to expand a pedestrian area in Central on Sundays, as a section of a landmark garden that serves as a popular gathering spot for domestic helpers will temporarily close for the construction of a pedestrian underpass. The subway is part of the tender requirements for a…
Henderson Land Development secured the first biodiversity loan in Hong Kong, receiving around HK$100 million (US$12.8 million) from HSBC and Hang Seng Bank for green initiatives at Central Yards, the company’s flagship mixed-use development on the New Central Harbourfront. This loan would provide a “scalable blueprint” for companies to achieve their sustainability goals and enhance…
Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand. All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents….
Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next. As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly…
A Henderson Land Development joint venture has won a five-year contract to operate the Central Harbourfront Event Space in Hong Kong, with a clause that would require the government to be compensated if the number of events falls short of its commitment. The Development Bureau on Thursday announced that Central Grand Limited (CGL), a joint…