Post Tagged with: "Hong Kong economy"

First mix-use land plot at former Kai Tak airport runway draws positive response from developers

First mix-use land plot at former Kai Tak airport runway draws positive response from developers

Hong Kong?s government received a positive response in its sale of the first commercial land plot on the former Kai Tak Airport?s runway. Nine bids were received when the call for tender closed on Friday, from Sun Hung Kai Properties, CK Asset Holdings, Great Eagle Holdings, K&K Property, Sino Land, […]

Analysts change their tune, forecast an up to 15 per cent increase in Hong Kong home prices this year

Analysts change their tune, forecast an up to 15 per cent increase in Hong Kong home prices this year

If you have been holding out for a steeper drop in the prices of residential property in Hong Kong, you are in for a disappointment. Analysts ? even those previously forecasting declines ? are increasingly of the opinion that prices will bottom out by March. And then rise by up […]

Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target

Hong Kong developers finished building 21,000 new homes last year, most in 14 years and ahead of official target

The number of private homes built in Hong Kong last year beat the government?s target and hit a 14-year high, helping to bring a 28-month bull run in the city?s property market to a halt. Figures released by the Transport and Housing Bureau on Friday showed that construction of 21,000 […]

Sun Hung Kai pays US$1.43 billion for Kai Tak residential plot in subdued tender that underscores downbeat market

Sun Hung Kai pays US$1.43 billion for Kai Tak residential plot in subdued tender that underscores downbeat market

Sun Hung Kai Properties, Hong Kong?s biggest developer, has won a government tender for the fourth plot of residential land on the old runway at Kai Tak, paying HK$11.26 billion (US$1.43 billion) for the parcel at the city?s former airport. At HK$17,360 per square foot, the winning price for Kai […]

Luxury home sales in Hong Kong hit record US$24.6 billion last year, says Centaline report

Luxury home sales in Hong Kong hit record US$24.6 billion last year, says Centaline report

Sales of luxury homes in Hong Kong smashed all previous records last year, according to research by Centaline Property Agency. But whether that momentum can be maintained in 2019 will depend on the outcome of the US-China trade war, analysts warned. The number of homes that sold for HK$20 million […]