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’s MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city’s economic base and foster closer integration with the Greater Bay Area. The number of bids for the…
Hong Kong homebuyers flocked to the second round of new flat sales at the La Mirabelle I project in Tseung Kwan O, underscoring continuing demand for property amid escalating tensions in the Middle East. By noon, 72 of the 168 units had been sold, according to agents. Another 86 flats have been made available via…
Hong Kong developers are raising prices of new homes this week following sold-out launches in recent days, further testing the appetite of homebuyers amid geopolitical and interest rate uncertainties. Henderson Land Development put another 39 units at its Chester project in Hung Hom on sale on Monday, with 25 homes finding buyers, according to agents….
Hong Kong homebuyers snapped up new launches on Tuesday as developers accelerated sales amid concerns over slower rate cuts and geopolitical tensions in the Middle East. By about 3.50pm, all 254 flats released at the La Mirabelle project in Tseung Kwan O had been sold, according to market agents. “Today’s positive sales results at La…
The earnings underscored how the city’s developers are shifting focus towards projects that can still generate cash flow, mainly high-end housing in Hong Kong and top-tier mainland cities, while waiting for offices and retail to recover. Recent geopolitical tensions, including the Iran war, had created “significant economic uncertainties”, prompting Henderson to adopt a more prudent…
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-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…
Hong Kong’s leading property developers are accelerating new residential launches, with two major firms unveiling plans to roll out more than 4,300 flats this year as sentiment shows signs of improvement, but analysts caution that a surge in supply may add fresh pressure to a market that has only begun to stabilise. Developers, including Wheelock…
Hong Kong police have arrested nine employees of a company suspected of using surveying equipment with 45 forged certificates in five hospital expansion projects and one construction site. The force said on Thursday that it had detained six men and three women, aged 23 to 48, from acoustic and environmental services consultancy Novox for allegedly…