Insights
Tag: Henderson
Compulsory auction application for “Western Court” approved
9 October 2014 - The Lands Tribunal recently approved Henderson Land (0012) or its related company‘s application for compulsory sale of land on the “Western Court” site in Sai Wan. The developer applied for the compulsory auction in 2011 and the reserve price of the project will amount to HKD2.95 billion. It is expected that the project will be
Developers: "Occupy Central does not affect property launch"
29 September 2014 - The Occupy Central movement officially commenced over the weekend. Nevertheless, many brand new residential projects with show flats and sale offices located on Hong Kong Island continued to operate on Sunday. A Swire spokesperson told the media that the developer will stick to its plan of launching the second batch of units at
Tai Wai Station Project receives record bids for MTR Corp
16 September 2014 - After a failed tender two years ago, MTR Corporation (0066) re-launched its mega project atop Tai Wai station for tender again this month and received 23 bidding documents from developers prior to yesterday's closing. This marks the highest number of bids ever recorded for an MTR Corporation tender project. The 23 developers wh
Apartment at 39 Conduit Road transacted at HK$54,000 per sq. ft.
22 August 2014 - The luxury residential sales market surged in the second quarter of 2014 and the trend appears to be continuing. The first unit from a newly available batch of apartments at “39 Conduit Road” in Mid-Levels West was sold yesterday. Sing Tao Daily reported that Flat B on the 38th floor of the property, with a saleable area of 2,476
Two sites in Tuen Mun receive 51 tenders
16 August 2014 - The Lands Department announced a total of 51 tenders were received for two parcels of land in Tuen Mun on Friday (15 August). 27 bids were submitted for the site at Yan Ching Street, marking the most intense bidding for government land sold within the last three years. Bidding companies included Henderson Land (0012) and Sino Land
Billion Development wins Tsuen Wan site for HK$3.94 billion
14 August 2014 - Billion Development outbid property giants including Cheung Kong Holdings (0001) and Henderson Land (0012) and won the commercial-cum-residential site with a gross floor area of 1.07 million square feet in Yeung Uk Road, Tsuen Wan, for HK$3.94 billion. The price obtained was lower than market estimates. In addition, Wang On Group
Kwun Tong redevelopment project receives four tenders, total investment may exceed HK$16 billion
15 July 2014 - Local newspapers reported that the mega Kwun Tong redevelopment project, Kung Tong Town Centre Project (Development Areas 2 & 3), received a fewer-than-expected four tenders. These included offers from Sun Hung Kai (0016), Wheelock (0020) and Henderson Land Development, and one unknown party. Surveyors are worried that the project c
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