Investors Scoop Up Prime Development Sites in Hong Kong
Posted on 02/21/2021
Singapore-based Mapletree Investments won a Hong Kong government tender to acquire a site in Hong Kong’s New Territories for HK$ 813 million. Mapletree Investments plans to develop its first Hong Kong data center on the 4,000 square meter industrial site.
Hong Kong has approved the sale of one of the United States State Department’s most valuable assets in Hong Kong to local developer Hang Lung Properties. Hang Lung Properties, through its holding company Delta Bridge Limited, spent HK$ 2.6 billion for six multi-storey villas at 37 Shouson Hill Road.
CK Asset beat out four other local tenderers to win the final residential 117,843 square foot plot on the former Kai Tak airport runway with a bid of HK $10.28 billion, Hong Kong’s government announced recently. CK Asset is the property development arm of Li Ka-shing’s business empire, which is now chaired by son Victor Li.