Post Tagged with: "property"

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, […]

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

A Chinese consortium has outbid Hong Kong developers in a ferocious bidding war for a much coveted plot of commercial land in the heart of Shanghai. The group led by China Resources Land paid a record-breaking price for the plot after winning a bitterly contested auction that lasted for more […]

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 […]

Billionaire Ken Griffin sets US record for most expensive property with US$238 million New York penthouse

Billionaire Ken Griffin sets US record for most expensive property with US$238 million New York penthouse

Ken Griffin is showing how a billionaire goes on a shopping spree. Just days after buying one of the most expensive residential properties in London, the Citadel founder set a US record with the US$238 million penthouse at 220 Central Park South. The 24,000 square feet flat will give him […]