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…
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…
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…
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…
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 homebuyers showed interest in 130 flats put on sale by developers on Thursday evening, but the pace of buying was more measured after an interest-rate increase later this year became more likely. Agents said 30 of the 75 units put on sale at Phase 4B of La Montagne at the Southside project at…
New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack…
Prices for some new homes in Hong Kong have rebounded by as much as a third from the housing market’s lowest level a few years ago amid robust demand, according to analysts. Developers have priced new units this year in Tseung Kwan O, Wong Chuk Hang and Tai Wai between 7 and 36 per cent…
Hong Kong construction and engineering company Able Engineering has secured a residential site in Tung Chung for a higher-than-expected HK$1.627 billion (US$207 million) premium, outbidding five groups of major developers in the city. Able Best, a construction and private development unit of Able Engineering, secured a 50-year land grant for the 152,332 sq ft plot,…