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K Wah International
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K Wah International

K Wah International
K Wah International
K Wah International Holdings invests in and develops real estate in Hong Kong, China, and Southeast Asia. It owns a controlling stake in K Wah Construction Materials, which sells and distributes concrete pipes and aggregates; and makes and distributes ready-mixed concrete and precast concrete products.
View of the former Shau Kei Wan Market at Shau Kei Wan Main Street East. Kerry Properties won the tender for the residential site on Monday. Photo: Edmond So
Hong Kong property

Kerry Properties secures Hong Kong’s latest residential plot for US$177 million

Kerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district.

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Hong Kong property

Hong Kong land fetches US$230 million as Chinese developer outbids city rivals

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Hong Kong property

Hong Kong homebuyers keep up demand as new launches draw brisk sales

Hong Kong property

Hong Kong’s Sino Land and Great Eagle secure Kowloon site for US$206 million

Acquisition of 41,226 sq ft plot – which could yield 570 homes – reflects confidence in the property market’s recovery as sales rebound.

Sino Land says the site will benefit from an extensive transport network and strong connectivity to major commercial hubs. Photo: Jelly Tse
Hong Kong property

Chinachem secures plot in Hong Kong’s Tsuen Wan for US$318 million

Private developer outbids eight others for the site, which is expected to yield 780 flats.

Hong Kong property

Hong Kong property: Grand Mayfair III, Woodis see brisk sales as market picks up

Buyers acquired 71 of 138 units by late Sunday afternoon at the 680-unit Grand Mayfair III project led by Sino Land.

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Hong Kong

Great Eagle insiders snap up 6 residential units as Hong Kong market improves

Two units at Emperor Group’s MVP project in Mid-Levels were bought by Rising Dynamic and Rising Joyful for a total of HK$20.3 million.

The MVP project in Mid-Levels, where buyers associated with Great Eagle bought two units. Photo: Handout
Hong Kong property

Sino Land chairman Daryl Ng sees positive signs for Hong Kong’s property market

It is heartening to see strong sales performance for new developments across various districts, Daryl Ng says.

Hong Kong property

Grand Mayfair III sells all units amid stabilising Hong Kong property market

The developers priced the units at an average of HK$13,938 (US$1,795) per square foot, about 20 per cent cheaper than the first phase.

Hong Kong property

Hong Kong developer Great Eagle’s executives jointly acquire US$1.5 million flat

Rising Thrive, an entity linked to Great Eagle’s executives, bought a 773 sq ft flat in Grand Mayfair in Kam Tin South.

An illustration of Grand Mayfair II. A three-bedroom unit at the project sold for nearly HK$12 million to Rising Thrive Limited, among whose directors is a son of Great Eagle chairman Lo Ka-shui. Photo: Handout
Hong Kong property

K. Wah International prices new Tin Hau units at higher level than neighbour

Kabitat Tin Hau project is located at 33 King’s Road and is near an MTR station, firm says.

K. Wah International’s the Kabitat in Tin Hau. Photo: SCMPOST
Hong Kong property

Hong Kong builders rush to sell 200 flats amid rate-cut optimism

After more than two years of new flats selling for less than second-hand units, the price gap has started to narrow, analyst says.

Sino Land Co

Sino Land wins Tuen Mun land tender with HK$1 billion bid as market improves

The transaction marks the Hong Kong government’s first residential plot sale this financial year.

Hong Kong property

Buyers forfeit deposits on Grand Mayfair project after market slump

Buyers of 19 flats in Yuen Long project cancelled their contracts on Tuesday, project developers say.

Buyers flock to buy flats on offer at Grand Mayfair in Yuen Long in May 2022. Photo: K.Y. Cheng
Macau

Macau’s Galaxy boss: open Hengqin Island to address hotel shortage

Development of the island, which is three times Macau’s size, would boost the economy and its diversification, Francis Lui Yiu-tung says.

According to Galaxy’s estimates, Macau needs at least 15,000 more hotel rooms. Photo: Shutterstock
Hong Kong property

4 Hong Kong developers submit bids for Tung Chung residential land

Government put the plot on the market in 2023 but withdrew it when bids were judged to be underwhelming.

Casinos

Galaxy Entertainment names founder Lui Che-woo’s son as chairman

Francis Lui, 69, has been the deputy chairman of the company since 1997.

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Hong Kong property

Lui Che-woo, property and casino magnate of K. Wah and Galaxy, dies at 95

Lui, the chairman of the K. Wah Group of companies, died peacefully on November 7, according to filings to the Hong Kong stock exchange by his companies.

Lui Che-woo, the founder and chairman of K. Wah Group, during an interview in North Point, Hong Kong on 24 July 2017. Photo: David Wong
Hong Kong property

Developers entice Hong Kong homebuyers with discounts in weekend sale bonanza

Most of the new units on Saturday came from Villa Garda III in Tseung Kwan O, which sold 73 of the 138 put up for sale.

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Hong Kong property

K Wah’s profit falls by more than half amid Hong Kong’s higher interest rates

K Wah, the property developer owned by one of Macau’s biggest casino owners, said its first-half profit declined by more than half after Hong Kong’s elevated interest rates dampened demand for homes.

China property

Earnings shrink at state-backed COLI, Poly Property amid rout in home sales

Covid-19 lockdowns, ‘three red lines’ policy and other economic challenges contributed to weaker profits amid the housing industry’s worst slump since 1998.

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A residential project being developed in Hong Kong’s Kam Tin by COLI, Sino Land and K Wah International. Photo: Sam Tsang
Hong Kong property

Tuen Mun site bids rejected as premiums come below reserve price

The Hong Kong government rejected all five bids received for a 1.3 million square feet residential site in Tuen Mun, as all tenders came in below the reserve price.

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The bids received for lot 561 in Tuen Mun fell short of the government’s minimum price expectation. Photo: K. Y. Cheng
Hong Kong property

K Wah reports first decline in core profit since 2017 in absence of Galaxy dividend

K Wah International Holdings, the property developer owned by one of Macau’s biggest casino owners, reported its first drop in annual core earnings since 2017 after a Covid-19 led tourism slump deprived it of dividends from the gambling business.

Hong Kong property

Wharf pays higher-than-expected US$1.5 billion for Peak plot, sets record

Wharf (Holdings) has agreed to pay a higher-than-expected HK$12 billion (US$1.5 billion) to become the owner of the first residential land parcel to be sold since 2010 in Hong Kong’s most exclusive housing enclave.

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Hong Kong property

Hong Kong buyers flock to new launches, snubbing leftovers

The success of El Futuro, following the sell-out launch of New World Development’s Pavilia Farm in Tai Wai in the same district, underscores how only the newest projects are catching the eyes – and the chequebooks – of Hong Kong’s homebuyers, amid an oversupply of property expected in the fourth quarter.

Home buyers at CK Asset Holdings’ sales office in Tsim Sha Tsui, vying for the El Futuro project in Sha Tin on 31 October 2020. Photo Xiaomei Chen
Hong Kong property

K. Wah’s Kai Tak property sale flops as homebuyers stay on sidelines

Hong Kong’s property market has been in a downbeat mood since the decade-long bull run in Hong Kong’s home market stalled in recent months, as the combination of the trade war and the city’s political unrest have deterred property buyers from large capital commitments.

Potential buyers queue for K Summit by K Wah International on 7 December 2019. Photo: Xiaomei Chen
Hong Kong property

Developers pick up Kai Tak’s most valuable plot at 27 per cent discount

Valuers had slashed their estimates for the site, which offers unobstructed views of one of the world’s most iconic skylines across the Victoria Harbour from Kowloon, by between 15 per cent and 20 per cent, since Hong Kong’s descent into regular anti-government protests that began in early June.

Hong Kong property

Kai Tak plot receives muted response even after 15 per cent discount

Only Sun Hung Kai Properties, CK Asset and two consortiums led by Sino Land and China Overseas Land & Investment submit bids for sea-facing parcel on the runway of Hong Kong’s former airport.

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