Hong Kong’s flagship tech hub at the border with mainland China received bids from firms specialising in cutting-edge fields such as chips, artificial intelligence and quantum technology, the South China Morning Post has learned. The government last week said that it received an “enthusiastic response” to the tender for four land parcels in the Hong…
Singaporean businesses are keen to explore the “massive potential” emerging in Hong Kong’s Northern Metropolis megaproject after the country’s prime minister visited the site earlier this year, its top envoy to the city has said. In an exclusive interview with the South China Morning Post, Singapore’s consul general to Hong Kong, Eric Teo Boon Hee,…
Mainland Chinese enterprises will play a key role in developing Hong Kong’s Northern Metropolis by sharing financial risks and helping align the megaproject with national strategy, according to real estate and political advisers. Their analysis followed the award of the blueprint’s first pilot area in Hung Shui Kiu to HSK New Development, a consortium led…
JD.com may be a major logistics leader in mainland China, but as part of a joint venture that won the first land project in the Northern Metropolis, it must overcome labour and road traffic hurdles to become an economic driver in Hong Kong, experts have said. Jeffrey Lam Kin-fung, chairman of the Hung Shui Kiu…
Hong Kong authorities have big plans for Hung Shui Kiu-Ha Tsuen New Development Area (Image: HKSAR) A joint bid by Chinese e-commerce giant JD.com, Hong Kong builder Sino Land and four mainland developers won a tender for an integrated residential and tech park project near the mainland border with total investment in the development expected…
A six-member consortium comprising mainland Chinese state-owned and private heavyweights alongside a major Hong Kong developer has won the first “large-scale land disposal” project in the Northern Metropolis for HK$1.03 billion (US$132 million), with total investment projected at HK$16.8 billion. The Development Bureau announced the results on Monday, awarding the tender for the 10.5-hectare development…
An annual e-commerce shopping festival supporting Hong Kong’s small and medium-sized enterprises will expand into the Asean region for the first time via Singapore and Malaysia, with plans to include other countries in future. The Trade Development Council, the organiser, said on Tuesday that the third edition of the annual Hong Kong Shopping Festival, launching…
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…
Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city’s Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to…