The project "Kowloon Tower" by the Urban Renewal Authority on ShanDong Street in Mong Kok has received at least 6 tenders.

The Urban Renewal Authority's project on ShanDong Street / Nathan Road in Mong Kok closed for bidding today (13th) at noon. On site information indicates that at least six bids were received, with the bidding developers including Cheung Kong (01113.HK), GREAT EAGLE H (00041.HK), Huamao, K. Wah (00173.HK), Poly Property (00119.HK), and China Overseas (00688.HK). The total floor area of the project is about 0.1608 million square feet, with a residential floor area of approximately 0.134 million square feet, expected to provide 380 units. The Urban Renewal Authority invited 28 developers to bid in March of this year. Comprehensive market forecasts estimate the project valuation to be around 7.

AASTOCKSMay 13 14:42

According to "Hong Kong Property", the Lands Department granted approval for 5 pre-sale residential projects last month, involving 2,373 units.

According to data from the Lands Department, there was only one new application for a pre-sale consent for a subsidized housing project in April, which is the Housing Society's project at 3 Muk Lai Street, providing 1,800 units, while there were no new applications for private residential projects. The department approved pre-sale consents for five projects in April, involving a total of 2,373 units, compared to 884 units in March, an increase of 1,489 units month-on-month, marking a new high in about five months since December last year. This includes SIERRA SEA of New World Development (00016.HK) located in Xisha, which is now on sale, providing 781 units for Phase 1A and 794 units for Phase 1B. Additionally, Cheung Kong...

AASTOCKSMay 9 09:23

Jones Lang LaSalle: In the first quarter, Real Estate Investment in the Asia-Pacific region increased by 20% year-on-year, while Hong Kong fell by 17.8%.

According to data and analysis from Jones Lang LaSalle, commercial property investment in the Asia-Pacific region is expected to grow by 20% year-on-year to $36.3 billion in the first quarter of 2025, reaching the highest first-quarter investment amount since the interest rate hike cycle began in 2022. Even in the face of tariff pressures, the region has recorded year-on-year growth for six consecutive quarters. Investments in all real estate sectors, except for industrial and logistics properties, have increased, reflecting that investors continue to make rational decisions based on objective Fundamental Analysis. In terms of cross-border investment, the Asia-Pacific region recorded an inflow of $8.6 billion in overseas capital in the first quarter, a significant year-on-year increase of 152%, reaching a new high for the same period since 2019. Among them, office buildings...

AASTOCKSMay 8 12:33

Jones Lang LaSalle: The outlook for the Hong Kong property market is still unclear, and developers are expected to be more cautious in acquiring land.

On May 7, Jones Lang LaSalle released the "Overview of the Hong Kong Residence Sales Market."

Zhitong FinanceMay 7 18:45

Jones Lang LaSalle: The three major Hong Kong developers regain the main source of new projects.

A report released today by Jones Lang LaSalle on the Hong Kong Residence sales market indicates that since entering a downward cycle in 2021, developers have adjusted their development strategy in response to changes in market demand, leading to two major development trends. Amid the uncertainty in the economy and the property market, more guaranteed-selling Class A residences (usable area of about 431 square feet or less) have surged in the past decade, accounting for about 44.5% of private residential completions last year, with further increases expected this year. At the same time, small to medium-sized developers from mainland China and Hong Kong have reduced land reserve acquisition over the past two years, resulting in 60% of private residential completions in the coming two years being sourced from new land.

AASTOCKSMay 7 12:31

Cheung Kong (01113.HK) under "Peking - Yu Cui Yuan" has launched additional units, with the lowest price starting at around 10 million yuan.

CK ASSET (01113.HK) subsidiary Hutchison Whampoa Group Limited will start selling luxury apartments at Beijing - Yu Cui Yuan located outside the East Fourth Ring Road in Peking from this Saturday (10th). The launch includes multiple high-cost-performance unit types, such as elite three-bedroom units with a construction area of about 140 square meters (approximately 1,500 square feet) priced below 10 million yuan (approximately 10.73 million HKD), as well as spacious three-bedroom units with a construction area of about 185 square meters (approximately 1,990 square feet) priced under 13 million yuan (approximately 13.95 million HKD). The project also launches rare options in the city.

AASTOCKSMay 6 17:49