https://www.scmp.com/rss/138166/feed Sino Group is one of the largest property companies in Hong Kong, and also has significant operations in Singapore where a sister company is a major property developer. The group has private holding companies owned by the Ng family, and three publicly listed companies: Tsim Sha Tsui Properties, Sino Land Co, Sino Hotels (Holdings). Yeo Hiap Seng, another sister company, specialises in food and beverages in Asia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Andrea Lo Andrea Lo Step away from the high-rise blur of Central and Hong Kong Island life loosens its tie a little. The energy shifts as the city skyline gives way to sea views, hills and even stillness in some places. Perennially coveted, Mid-Levels remains one of Hong Kong’s most prestigious addresses. Elevated both literally and symbolically, it offers some of the city’s most dramatic vistas, as well as urban seclusion. Completed in 2025, The Legacy at 8 Castle Road, developed by Henderson Land, is a notable... https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed Tue, 31 Mar 2026 09:00:08 +0000 Peggy Ye Peggy Ye Developers in Hong Kong are testing the housing market’s recovery by nudging prices up or paring discounts as improving sentiment and a rebound in transactions boost confidence in the city’s property sector. But analysts said the moves remained uneven, with many newly launched projects still offering sizeable concessions as developers continued to prioritise clearing unsold inventory accumulated during the market downturn. New World Development plans to cut the discount offered under the 120-day... https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed https://www.scmp.com/business/markets/article/3345774/hong-kong-developers-test-home-market-recovery-raising-prices-trimming-discounts?utm_source=rss_feed Mon, 09 Mar 2026 01:30:11 +0000 Aileen Chuang Aileen Chuang Major Hong Kong developer Sino Land posted a steady net profit for the six months ended December, propped up by early gains from a recovery in the city’s residential property market. Sino Land reported a net profit of HK$2.22 billion (US$284 million) in the first half of its current financial year – excluding revaluation losses on investment properties – that was slightly down from HK$2.24 billion a year earlier, according to its Hong Kong stock exchange filing on Friday. The company’s revenue... https://www.scmp.com/business/companies/article/3344915/hong-kong-developer-sino-land-posts-steady-profit-points-clear-market-improvements?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344915/hong-kong-developer-sino-land-posts-steady-profit-points-clear-market-improvements?utm_source=rss_feed Fri, 27 Feb 2026 11:53:21 +0000 Connor Mycroft Connor Mycroft The owners’ committee of a Hong Kong private housing estate has said it is “very concerned” after a large section of the ceiling collapsed into an indoor swimming pool, while the MTR Corporation, which manages the property, said a “detailed investigation” was under way to identify the cause. In a notice issued to residents of Lake Silver in Ma On Shan, the estate’s customer service centre said it had been notified by the clubhouse contractor that “material” had fallen from the ceiling of the... https://www.scmp.com/news/hong-kong/society/article/3343843/large-section-ceiling-plunges-hong-kong-estates-indoor-pool?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3343843/large-section-ceiling-plunges-hong-kong-estates-indoor-pool?utm_source=rss_feed Tue, 17 Feb 2026 14:58:27 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers. Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands Department said on Monday. The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units,... https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed https://www.scmp.com/business/article/3343728/hong-kongs-kerry-properties-secures-shau-kei-wan-residential-plot-us177-million?utm_source=rss_feed Mon, 16 Feb 2026 09:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong-listed mainland Chinese developer China Overseas Land & Investment won a bid for a 3,132-square-metre (33,712 sq ft) residential plot in Kowloon East, beating some of the city’s largest developers with a higher-than-expected tender. The state-backed developer beat eight rivals to secure a 50-year grant for the parcel in Ngau Tau Kok with its bid of HK$1.8 billion (US$230 million), according to a statement from the Lands Department on Tuesday. The site is expected to yield 470... https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed https://www.scmp.com/business/article/3343088/hong-kong-residential-plot-fetches-us230-million-chinese-developer-outbids-city-rivals?utm_source=rss_feed Tue, 10 Feb 2026 12:34:34 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE. Sun Hung Kai Properties, Henderson Land Development and CK Asset Holdings submitted bids individually, while Sino Land and Great Eagle Holdings made a joint offer, the groups confirmed separately on... https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed https://www.scmp.com/business/article/3342684/kowloon-east-site-attracts-nine-bids-hong-kong-housing-outlook-brightens?utm_source=rss_feed Fri, 06 Feb 2026 10:40:34 +0000 Peggy Sito Peggy Sito A joint venture between Sino Land and Great Eagle Holdings has won a government residential site tender in Kowloon for HK$1.61 billion (US$206 million), outbidding major Hong Kong developers as the city’s housing market shows signs of stabilising. The purchase of the 41,226 sq ft site, which could yield 570 units, underscored the company’s confidence in the long-term development prospects of Hong Kong, according to Sino Land. Sino Land owns 85 per cent of the joint venture, while Great Eagle... https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3339090/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-us206-million?utm_source=rss_feed Wed, 07 Jan 2026 13:49:22 +0000 Daniel Ren,Cheryl Arcibal,Peggy Ye Daniel Ren,Cheryl Arcibal,Peggy Ye A residential project in Yau Tong triggered buying euphoria on Saturday, with more than 70 per cent of the 150 units on offer snapped up by midafternoon amid heightened expectations for a recovery in Hong Kong’s home market next year. The flats at One Park Place, priced between HK$4.23 million (US$543,684) and HK$9.51 million, were in high demand after developers Sino Land, CSI Properties and MTR Corporation offered discounts of up to 15 per cent to lure buyers. The strong homebuying interest... https://www.scmp.com/business/companies/article/3336332/yau-tong-project-sells-out-raising-hopes-market-recovery-amid-rate-cuts-rising-demand?utm_source=rss_feed https://www.scmp.com/business/companies/article/3336332/yau-tong-project-sells-out-raising-hopes-market-recovery-amid-rate-cuts-rising-demand?utm_source=rss_feed Sat, 13 Dec 2025 10:16:11 +0000 Lo Hoi-ying,Olga Wong Lo Hoi-ying,Olga Wong Major Hong Kong developers are considering a blanket ban on smoking by workers at construction sites following a blaze in Tai Po that killed 159, with at least two companies already demanding all their contractors impose the rule or step up penalties. The Real Estate Developers Association told the Post on Friday that it was gathering views on the proposed smoking ban from its members, including major developers such as Sino Land, Swire Properties, Sun Hung Kai Properties and New World... https://www.scmp.com/news/hong-kong/society/article/3335294/hong-kong-developers-push-blanket-smoking-ban-construction-sites-after-deadly-fire?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3335294/hong-kong-developers-push-blanket-smoking-ban-construction-sites-after-deadly-fire?utm_source=rss_feed Fri, 05 Dec 2025 04:58:10 +0000 Cheryl Arcibal,Enoch Yiu Cheryl Arcibal,Enoch Yiu Hong Kong developers have postponed property sales scheduled for Friday as the city mourns the deaths of dozens of residents in a devastating fire that broke out in Tai Po. Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in Yau Tong and 63 units at the Austin Bohemian project in Yau Ma Tei, respectively, would be deferred. Both Sino Group and NWD did not disclose the reason for the postponement or when sales would be rescheduled. Meanwhile,... https://www.scmp.com/business/article/3334316/hong-kong-developers-sino-group-nwd-delay-home-sales-after-devastating-tai-po-fire?utm_source=rss_feed https://www.scmp.com/business/article/3334316/hong-kong-developers-sino-group-nwd-delay-home-sales-after-devastating-tai-po-fire?utm_source=rss_feed Thu, 27 Nov 2025 05:11:32 +0000 Themis Qi Themis Qi Sino Land’s One Park Place in Yau Tong sold 149 of 150 units in its first batch within half a day at its launch, after the developer used aggressive pricing to tap into firmer demand in Hong Kong’s new home market. The project, developed by Sino Land together with CSI Properties and MTR Corporation, opened sales on Thursday and saw all flats selected by the afternoon, the developer said. Sino Land later said 149 units were sold. The first batch comprised 27 one-bedroom, 120 two-bedroom and three... https://www.scmp.com/property/hong-kong-china/article/3333694/sinolands-one-park-place-sells-out-150-units-within-hours-keen-pricing?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/3333694/sinolands-one-park-place-sells-out-150-units-within-hours-keen-pricing?utm_source=rss_feed Fri, 21 Nov 2025 09:45:08 +0000 Cheryl Arcibal Cheryl Arcibal Chinachem Group has secured a 70,127 sq ft site in Tsuen Wan in the New Territories for more than HK$2.47 billion (US$318 million), beating eight other bidders, according to the Lands Department. The other bidders were Sun Hung Kai Properties, CK Asset Holdings, Henderson Land Development, Great Eagle Holdings, China Overseas Land & Investment, K. Wah International Holdings, Wheelock Properties and a consortium of Sino Land, Kerry Properties and China Merchants Land. The award gives Chinachem –... https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed https://www.scmp.com/business/article/3333300/chinachem-secures-plot-hong-kongs-tsuen-wan-us318-million?utm_source=rss_feed Tue, 18 Nov 2025 13:33:34 +0000 Cheryl Arcibal Cheryl Arcibal CK Asset Holdings, the flagship company of Hong Kong tycoon Li Ka-shing, and Sun Hung Kai Properties (SHKP), the city’s largest developer, are two of six bidders for a parcel of land in the New Territories that is estimated to provide 1,280 residential units and car park spaces. MTR Corp, one of the city’s major property developers and landlords, put up the Tuen Mun A16 Station package one property development for tender. Package one, with a maximum residential gross floor area of more than... https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed https://www.scmp.com/business/article/3331668/li-ka-shings-ck-asset-shkp-among-six-bidders-mtrs-tuen-mun-site?utm_source=rss_feed Wed, 05 Nov 2025 12:31:49 +0000 Jess Ma,Denise Tsang Jess Ma,Denise Tsang Top corporate leaders, athletes and members of ethnic minority groups are among the 62 people set to take part in the Hong Kong segment of the National Games torch relay, the Post has learned. From tycoon heirs such as Sino Group chairman Daryl Ng Win Kong, Henderson Land Development chairman Martin Lee Ka-shing, Sun Hung Kai Properties executive director Adam Kwok Kai-fai and Chow Tai Fook Jewellery Group vice-chairwoman Sonia Cheng Chi-man to youth representatives, the city’s list of... https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed Sat, 01 Nov 2025 04:56:15 +0000 Salina Li Salina Li Brisk transactions in Hong Kong’s primary residential market continued apace, with two projects recording robust sales over the weekend. Buyers had acquired 74 of the 138 units on Sunday at the 680-unit Grand Mayfair III on 29 Kam Tin Road in the New Territories in the second round of the project’s sales on Sunday, according to agents. The project, jointly developed by Sino Land, K Wah International, China Overseas Land and Investment and MTR Corp, sold all 138 units in the first round on... https://www.scmp.com/business/article/3330362/hong-kong-property-grand-mayfair-iii-and-woodis-see-brisk-sales-market-picks?utm_source=rss_feed https://www.scmp.com/business/article/3330362/hong-kong-property-grand-mayfair-iii-and-woodis-see-brisk-sales-market-picks?utm_source=rss_feed Sun, 26 Oct 2025 08:45:15 +0000 Salina Li Salina Li Family members and executives at Hong Kong property developer Great Eagle continue to snap up local residential units, as the city’s housing market sees improved investment sentiment amid market stabilisation. Members of the family of Lo Ka-shui, chairman and managing director of Great Eagle, as well as executives of the company, jointly acquired six residential units on Hong Kong Island and in the New Territories this month for a combined total of HK$58.9 million (US$7.5 million). Two units at... https://www.scmp.com/property/article/3330231/great-eagle-insiders-snap-6-hong-kong-flats-us75-million-amid-improving-market?utm_source=rss_feed https://www.scmp.com/property/article/3330231/great-eagle-insiders-snap-6-hong-kong-flats-us75-million-amid-improving-market?utm_source=rss_feed Fri, 24 Oct 2025 09:55:48 +0000 Salina Li Salina Li Hong Kong developer Sino Land’s chairman, Daryl Ng Win Kong, is confident about the outlook for the city’s property market next year, noting multiple positive signals have emerged boosting the market. Chief among the factors were the start of a lower interest-rate cut cycle and a robust initial public offering market, Ng said after the company’s annual general meeting on Wednesday, his first since being appointed chairman in August. The Hong Kong Monetary Authority reduced rates in September for... https://www.scmp.com/business/article/3329956/sino-land-chairman-darryl-ng-sees-positive-signs-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3329956/sino-land-chairman-darryl-ng-sees-positive-signs-hong-kongs-property-market?utm_source=rss_feed Wed, 22 Oct 2025 10:40:43 +0000 Salina Li Salina Li Hong Kong’s first-hand housing market saw brisk transactions on Monday, with buyers snapping up all available units at a project in Yuen Long, New Territories. The 680-unit Grand Mayfair III on 29 Kam Tin Road – jointly developed by Sino Land, K Wah International, China Overseas Land and Investment and MTR Corp – sold all 138 units that were put up for sale, according to the developers. The development is part of the 2,220-unit Grand Mayfair project. The developers released the first price list... https://www.scmp.com/business/article/3329804/grand-mayfair-iii-sells-all-units-amid-stabilising-hong-kong-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3329804/grand-mayfair-iii-sells-all-units-amid-stabilising-hong-kong-property-market?utm_source=rss_feed Tue, 21 Oct 2025 10:00:50 +0000 Salina Li Salina Li Buyers connected to Hong Kong property developer Great Eagle Holdings have bought another home in the New Territories after snapping up dozens of units across the city in recent months. The 773 sq ft three-bedroom unit at Grand Mayfair II in Kam Tin South, developed by China Overseas, Sino Land and K Wah, was sold for HK$11.99 million (US$1.54 million), or HK$15,510 per square foot, and handed over to Rising Thrive on October 2, according to Land Registry records. Alexander Lo Chun-him, Kan... https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed https://www.scmp.com/business/article/3328506/hong-kong-developer-great-eagles-executives-jointly-acquire-us15-million-flat?utm_source=rss_feed Fri, 10 Oct 2025 07:05:41 +0000 Daniel Ren Daniel Ren Hong Kong developer Sino Land on Wednesday said its net profit for the financial year that ended on June 30 fell from a year earlier as strong residential sales were offset by lower rental income and falling occupancies. After taking into account a one-time loss of HK$1.08 billion (US$138.7 million) from the revaluation of its investment properties, the developer said its net profit fell to HK$4.02 billion from HK$4.4 billion a year earlier. Net income excluding one-off gains or losses fell... https://www.scmp.com/business/china-business/article/3323399/sino-land-profit-falls-due-lower-rental-income-falling-occupancies?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3323399/sino-land-profit-falls-due-lower-rental-income-falling-occupancies?utm_source=rss_feed Wed, 27 Aug 2025 14:24:33 +0000 Peggy Sito Peggy Sito Hong Kong developers rushed to put more than 200 residential units on the market for sale on Friday, as they took advantage of the market’s anticipation of the first interest rate cut of 2025, which may take place as soon as mid-September. Most of the flats were offered at two locations on the Kowloon peninsula. A consortium led by Sino Land put up 109 units of Villa Garda II in Tseung Kwan O at between HK$14,245 and HK$17,940 per sq ft after discounts. In Kai Tak on the seafront runway of the... https://www.scmp.com/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321942/hong-kong-developers-put-more-200-flats-sale-amid-interest-rate-optimism?utm_source=rss_feed Fri, 15 Aug 2025 04:30:15 +0000 Peggy Sito Peggy Sito Sino Land has won a residential site tender in Tuen Mun for HK$1.09 billion, beating major Hong Kong and mainland Chinese developers – including CK Asset Holdings, Kerry Properties and China Overseas Land & Investment – as the city’s housing market shows early signs of recovery. The transaction, which marked the Hong Kong government’s first residential plot sale this financial year, involved a site at Hoi Chu Road in Tuen Mun, a district in proximity to Shenzhen Bay. “The sought-after site... https://www.scmp.com/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3321760/sino-land-wins-tuen-mun-land-tender-hk1-billion-bid-amid-improved-housing-market?utm_source=rss_feed Wed, 13 Aug 2025 12:28:07 +0000 Salina Li Salina Li Daryl Ng Win Kong, the eldest son of Robert Ng Chee Siong, will take the reins from his father at the HK$127.7 billion (US$16.3 billion) Sino Group, marking the leadership transition to the third-generation scion of the group’s founding family. Daryl Ng, 47, will step into the chairman’s role from August 31, according to filings from the group companies to the Hong Kong stock exchange on Friday. He will become the chairman of Sino Land, Tsim Sha Tsui Properties and Sino Hotels, whose combined... https://www.scmp.com/business/article/3320493/daryl-ng-takes-helm-us163-billion-sino-group-third-generation-leadership-shift?utm_source=rss_feed https://www.scmp.com/business/article/3320493/daryl-ng-takes-helm-us163-billion-sino-group-third-generation-leadership-shift?utm_source=rss_feed Fri, 01 Aug 2025 12:59:22 +0000 Salina Li Salina Li The supply of new private homes in Hong Kong is projected to fall over the next four years as property developers booked more sales in recent months amid a revival in market sentiment. The number of homes was projected to drop to about 101,000 units through 2029, according to a quarterly projection published by the Housing Bureau on Friday. The estimated stock fell by 4,000 from March and by 8,000 from a year earlier, it said. The inventory has declined in the five past projections, the report... https://www.scmp.com/business/article/3319642/hong-kong-property-home-supply-projected-drop-amid-market-revival?utm_source=rss_feed https://www.scmp.com/business/article/3319642/hong-kong-property-home-supply-projected-drop-amid-market-revival?utm_source=rss_feed Fri, 25 Jul 2025 12:35:03 +0000 Ng Kang-chung Ng Kang-chung Hong Kong’s development minister has suggested that local developers join hands with their mainland Chinese counterparts to take part in the Northern Metropolis border town megaproject using a new approach. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the government was studying proposals submitted by various developers and aimed to put one or two large land parcels in the Northern Metropolis project up for tender in the second half of the year. Linn stressed that the... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316218/hong-kong-developers-eyeing-border-project-urged-link-mainland-firms?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3316218/hong-kong-developers-eyeing-border-project-urged-link-mainland-firms?utm_source=rss_feed Sat, 28 Jun 2025 09:56:09 +0000 Salina Li Salina Li Several buyers of flats at Grand Mayfair II – a high-rise residential project in Yuen Long, New Territories – have cancelled their contracts after a market slump eroded home prices in the area by about a quarter since they acquired the units three years ago. They forfeited HK$15.6 million (US$2 million) in deposits on 19 flats on Tuesday to terminate their sale and purchase agreements from May 2022, according to the latest data published by developers. They added to the lone cancellation in 2022... https://www.scmp.com/business/article/3315097/hong-kong-buyers-forfeit-deposits-grand-mayfair-project-after-25-market-slump?utm_source=rss_feed https://www.scmp.com/business/article/3315097/hong-kong-buyers-forfeit-deposits-grand-mayfair-project-after-25-market-slump?utm_source=rss_feed Thu, 19 Jun 2025 11:03:07 +0000 Cheryl Arcibal Cheryl Arcibal Major Hong Kong developer Sino Land reported a more than 30 per cent drop in earnings for the first half of its financial year amid a slow pace of recovery in the city’s property sector. The company earned HK$1.82 billion (US$234 million) in the six months ended December 31, according to its financial report on Wednesday, after taking into account a HK$407 million revaluation loss on investment properties. Revenue from property sales fell 63 per cent to HK$2.44 billion from HK$6.63 billion in... https://www.scmp.com/business/article/3300263/hong-kong-developer-sino-land-reports-30-earnings-drop-points-full-pipeline?utm_source=rss_feed https://www.scmp.com/business/article/3300263/hong-kong-developer-sino-land-reports-30-earnings-drop-points-full-pipeline?utm_source=rss_feed Wed, 26 Feb 2025 13:30:09 +0000 Salina Li Salina Li A total of 33 developers expressed interest in MTR Corporation’s second attempt to sell a parcel of land in Tung Chung near Hong Kong’s international airport, after a senior government official urged builders to show faith in the city’s future earlier this month. The site on Lantau Island, part of the Tung Chung East Station development project, attracted no suitable bids in November last year. The tender will be the first since Xia Baolong, head of the Hong Kong and Macau Affairs Office, told... https://www.scmp.com/business/article/3287578/second-try-hong-kong-land-sale-draws-33-developers-cautious-bids-expected?utm_source=rss_feed https://www.scmp.com/business/article/3287578/second-try-hong-kong-land-sale-draws-33-developers-cautious-bids-expected?utm_source=rss_feed Thu, 21 Nov 2024 11:00:09 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market. The executive of Bridgewater Associates, which had US$235 billion of assets under management as of March 31, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s... https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed Wed, 20 Nov 2024 10:32:56 +0000 Bloomberg Bloomberg Property tycoons are lending their support to the Hong Kong initial public offering (IPO) market for the first time in years, a move that could help fan the flames of a nascent recovery. Billionaire Robert Ng Chee Siong’s Sino Land is one of the largest cornerstone investors in the US$793 million Hong Kong listing from courier service SF Holding that kicked off this week. An investment vehicle backed by the family of New World Development chairman Henry Cheng Kar-shun is also among the 10... https://www.scmp.com/business/markets/article/3287363/hong-kong-ipos-get-boost-sino-land-new-world-tycoons-back-sf-holdings-listing?utm_source=rss_feed https://www.scmp.com/business/markets/article/3287363/hong-kong-ipos-get-boost-sino-land-new-world-tycoons-back-sf-holdings-listing?utm_source=rss_feed Wed, 20 Nov 2024 07:47:07 +0000 Salina Li Salina Li Top Hong Kong developers have submitted bids for a government land tender in the New Territories, but experts believe the response could be lukewarm because of high inventory levels and rising construction costs. The tender for the only residential land to go on sale in the second quarter of the current financial year closed at noon on Friday. The Lands Department said it had received a total of six bids. Five developers confirmed submitting bids – Sun Hung Kai Properties (SHKP), Wheelock... https://www.scmp.com/business/article/3283899/hong-kong-property-sun-hung-kai-wheelock-and-ck-asset-submit-bids-sha-tin-plot?utm_source=rss_feed https://www.scmp.com/business/article/3283899/hong-kong-property-sun-hung-kai-wheelock-and-ck-asset-submit-bids-sha-tin-plot?utm_source=rss_feed Fri, 25 Oct 2024 10:13:00 +0000 Cheryl Arcibal Cheryl Arcibal Sino Land’s profit declined by about a quarter in its financial year ending in June, as sales of homes and car parks slowed while revaluation losses surged, according to the latest earnings report from one of Hong Kong’s major developers. Net profit amounted to HK$4.4 billion (US$564 million), down 24.7 per cent from HK$5.8 billion in its 2022-2023 financial year, Sino Land said in a filing to the Hong Kong stock exchange on Tuesday. Revaluation losses were more than three and a half times... https://www.scmp.com/business/article/3276138/sino-group-reports-247-profit-decline-slower-home-sales-higher-revaluation-losses?utm_source=rss_feed https://www.scmp.com/business/article/3276138/sino-group-reports-247-profit-decline-slower-home-sales-higher-revaluation-losses?utm_source=rss_feed Tue, 27 Aug 2024 12:43:39 +0000 Salina Li Salina Li A Hong Kong government land tender in the New Territories has received a better than expected response including bids from major developers, despite slumping property transactions and high inventory levels. Eleven developers submitted bids before the tender closed at noon on Friday, including CK Asset Holdings, Sino Land, Great Eagle, Citic Pacific, China Overseas Land & Investment and China Merchants Land. The amounts of the bids were not disclosed. The 2,300-square-metre site in Yuen Shun... https://www.scmp.com/business/article/3270200/hong-kong-land-sale-far-exceeds-expectations-10-developers-bid-sha-tin-project?utm_source=rss_feed https://www.scmp.com/business/article/3270200/hong-kong-land-sale-far-exceeds-expectations-10-developers-bid-sha-tin-project?utm_source=rss_feed Fri, 12 Jul 2024 06:58:07 +0000 Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, is being tipped by analysts to emerge as the “prime beneficiary” of the city’s removal of all property cooling measures. With seven projects comprising more than 8,100 units expected to launch this year, SHKP is likely to benefit from a revitalised property market. “SHKP has the most saleable resources among its peers of more than 6,000 units,” said Raymond Cheng, managing director and head of China and Hong... https://www.scmp.com/business/article/3254296/sun-hung-kai-properties-pole-position-benefit-hong-kongs-property-easing-measures-analysts-say?utm_source=rss_feed https://www.scmp.com/business/article/3254296/sun-hung-kai-properties-pole-position-benefit-hong-kongs-property-easing-measures-analysts-say?utm_source=rss_feed Wed, 06 Mar 2024 00:30:13 +0000 Sino Land and Hysan Development, two major Hong Kong property developers, expect “uncertainties” to continue to affect the city’s real estate market, they said in their latest financial reports on Thursday. Sino Land said that its profit in the July-to-December period last year – the first six months of its financial year – rose 6.5 per cent to HK$2.6 billion (US$332 million) even as revenue fell by about 23 per cent to HK$4.92 billion. Its property sales jumped 70 per cent to HK$6.63... https://www.scmp.com/business/article/3252877/hong-kong-developers-sino-land-hysan-expect-last-years-uncertainties-loom-over-citys-property-sector?utm_source=rss_feed https://www.scmp.com/business/article/3252877/hong-kong-developers-sino-land-hysan-expect-last-years-uncertainties-loom-over-citys-property-sector?utm_source=rss_feed Thu, 22 Feb 2024 12:35:41 +0000 Sino Land, the only bidder in the tender for a plot of land on Lantau Island, has paid a price nearly 20 per cent lower than market expectations as Hong Kong’s housing market continues to languish in the doldrums. The developer won the 1.9-hectare (4.7-acre) parcel in Cheung Sha for HK$203.9 million (US$26.1 million), bidding for which ended on December 15, according to the Lands Department. The site is expected to yield 110 housing units. It had been valued at about HK$245 million based on a... https://www.scmp.com/business/companies/article/3245793/hong-kong-property-sole-bidder-sino-land-secures-site-lantau-island-us26-million-nearly-20-below?utm_source=rss_feed https://www.scmp.com/business/companies/article/3245793/hong-kong-property-sole-bidder-sino-land-secures-site-lantau-island-us26-million-nearly-20-below?utm_source=rss_feed Wed, 20 Dec 2023 14:11:15 +0000 A Sino Land-led consortium won the right to develop a plot in Hong Kong’s Shing Tak Street from the Urban Renewal Authority (URA), after its bid displayed confidence in a location that is highly sought after by other developers. The company, along with China Merchants Land and Great Eagle Holdings, beat five other developers with a winning bid of HK$1.93 billion (US$272 million) for the site, which will yield 414,900 sq ft of space, including 345,500 sq ft of residential floor area, according to... https://www.scmp.com/business/companies/article/3245108/sino-land-led-consortium-snaps-ma-tau-wai-site-despite-worries-about-hong-kongs-sluggish-economy-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/3245108/sino-land-led-consortium-snaps-ma-tau-wai-site-despite-worries-about-hong-kongs-sluggish-economy-and?utm_source=rss_feed Thu, 14 Dec 2023 14:00:26 +0000 Hong Kong’s land premium revenue has shown a shortfall of 86 per cent so far on the government estimate for 2023-24 as another site put out to tender was withdrawn because all four bids failed to meet the reserve price. The weak market led industry experts on Thursday to ask for a review of the pricing system and the scrapping of property curbs to help revitalise the sector. The news came after a Tung Chung site was withdrawn after the rejection of the tenders for the land, earmarked for... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3240141/land-premium-revenue-shows-86-cent-shortfall-another-hong-kong-government-site-put-out-tender?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3240141/land-premium-revenue-shows-86-cent-shortfall-another-hong-kong-government-site-put-out-tender?utm_source=rss_feed Fri, 03 Nov 2023 00:30:18 +0000 Hong Kong on Saturday saw 223 new residential units across five projects made available to homebuyers, with the new major launch of 138 flats at a project in Tseung Kwan O offering discounts as high as 15 per cent. As of 4.30pm, Villa Garda III sold 73 out of 138 units, according to property agents. The units comprise 17 one-bedroom, 113 two-bedroom and eight three-bedroom flats, with areas ranging from 340 sq ft to 719 sq ft. The project – jointly developed by Sino Land, K Wah International and... https://www.scmp.com/business/article/3232405/hongkongers-snap-cheaper-new-homes-weekend-home-sale-bonanza-saw-223-flats-offer?utm_source=rss_feed https://www.scmp.com/business/article/3232405/hongkongers-snap-cheaper-new-homes-weekend-home-sale-bonanza-saw-223-flats-offer?utm_source=rss_feed Sat, 26 Aug 2023 10:30:11 +0000 Israeli start-up Verobotics plans to deploy dozens of its autonomous robots to inspect and clean the exterior of Hong Kong skyscrapers in the coming months, as the city’s developers step up adoption of innovative property technology solutions. The Tel Aviv-based company’s lightweight robots, which are powered by artificial intelligence (AI) technology, can work around the clock and clean buildings up to 10 times faster than traditional workers, which make them a perfect match for the city’s... https://www.scmp.com/tech/tech-trends/article/3225208/israeli-firm-verobotics-pushes-use-ai-powered-robots-ascend-and-clean-hong-kongs-skyscrapers-city?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3225208/israeli-firm-verobotics-pushes-use-ai-powered-robots-ascend-and-clean-hong-kongs-skyscrapers-city?utm_source=rss_feed Fri, 23 Jun 2023 12:30:10 +0000 When the Sun Hung Kai Centre was built in 1982, it was equipped with a chiller plant system – considered cutting edge in building technology at that time because of its energy-efficient features. Yet the 54-storey building’s main owner Sun Hung Kai Properties (SHKP) in 2004 began retrofitting and optimising the chiller plants, which accounted for 60 per cent of the electricity consumed, by installing power meters to monitor its performance and taking other measures to improve its energy... https://www.scmp.com/business/article/3221135/green-new-black-hong-kong-developers-rush-make-offices-energy-efficient-shrink-carbon-footprint?utm_source=rss_feed https://www.scmp.com/business/article/3221135/green-new-black-hong-kong-developers-rush-make-offices-energy-efficient-shrink-carbon-footprint?utm_source=rss_feed Sat, 20 May 2023 02:00:08 +0000 Lam Ka-sing Lam Ka-sing Sino Land plans to launch some 2,100 flats in six developments this year, the Hong Kong property developer said on Friday after posting a 36 per cent drop in half-year profit. Some 640 of the 2,077 flats will be available in phase 13 of Lohas Park, in which it has a 25 per cent stake, according to the company’s results presentation. The company is “cautiously optimistic” about Hong Kong’s residential market, chairman Robert Ng Chee Siong said in a filing to the Hong Kong stock exchange, noting... https://www.scmp.com/business/article/3210998/sino-land-set-launch-some-2100-flats-year-it-turns-cautiously-optimistic-hong-kongs-property-market?utm_source=rss_feed https://www.scmp.com/business/article/3210998/sino-land-set-launch-some-2100-flats-year-it-turns-cautiously-optimistic-hong-kongs-property-market?utm_source=rss_feed Tue, 21 Feb 2023 11:23:33 +0000 The biggest residential plot of land in Hong Kong’s southern Stanley district in two decades was withdrawn from sale by the government on Tuesday, after all four tenders failed to meet its reserve price. The plot on Cape Road is expected to accommodate about 650 flats with a gross floor area of 480,236 sq ft. It is the area’s biggest parcel of residential land in two decades and can accommodate a large-scale luxury housing estate, according to Centaline Surveyors. “The government will not sell a... https://www.scmp.com/business/article/3206312/hong-kong-withdraws-stanley-residential-plot-after-all-four-bids-fail-meet-reserve-price-amid-market?utm_source=rss_feed https://www.scmp.com/business/article/3206312/hong-kong-withdraws-stanley-residential-plot-after-all-four-bids-fail-meet-reserve-price-amid-market?utm_source=rss_feed Tue, 10 Jan 2023 12:51:06 +0000 Home-grown Hong Kong marine technology start-up archiREEF wants to commercialise and scale up its 3D-printed terracotta reef tiles to restore corals and save degraded marine ecosystems around the world. Founded by scientists at the University of Hong Kong in 2020, the start-up has developed the reef tiles, which are placed on the seabed and can help coral fragments grow and survive once they are attached to the base. After a pilot restoration project with Hong Kong’s Agriculture, Fisheries and... https://www.scmp.com/business/companies/article/3194374/hong-kong-start-archireef-wants-commercialise-3d-printed-tiles?utm_source=rss_feed https://www.scmp.com/business/companies/article/3194374/hong-kong-start-archireef-wants-commercialise-3d-printed-tiles?utm_source=rss_feed Sun, 02 Oct 2022 07:00:11 +0000 Hong Kong extended its latest streak of strong weekend property sales on Saturday, as buyers rushed to snap up flats on offer at Sun Hung Kai Properties’ (SHKP) Novo Land development, in a pre-emptive move ahead of a potential new prime rate increase in the city. SHKP, the city’s biggest developer by market cap, sold all of the 170 units on offer at the second phase of its Novo Land project in Tuen Mun just four hours after sales commenced at 9am on Saturday, according to local real property... https://www.scmp.com/business/china-business/article/3190410/hong-kong-buyers-snatch-all-flats-offer-sun-hung-kais-novo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3190410/hong-kong-buyers-snatch-all-flats-offer-sun-hung-kais-novo?utm_source=rss_feed Sat, 27 Aug 2022 09:35:21 +0000 Covid-19 restrictions dragged on the profits of Hong Kong developers in the January to June period, with declines ranging from 40.5 per cent to 58 per cent, filings with the Hong Kong stock exchange on Thursday show. Sino Land, which is part of the Sino Group owned by billionaire Robert Ng Chee Siong and keeps to a July to June financial year, said its profit for the full year ending June amounted to HK$5.7 billion (US$726 million), a decrease of 40.5 per cent from a year ago. It declared a... https://www.scmp.com/business/article/3190199/hong-kong-covid-19-curbs-weigh-developers-earnings-tumble-much-60-cent?utm_source=rss_feed https://www.scmp.com/business/article/3190199/hong-kong-covid-19-curbs-weigh-developers-earnings-tumble-much-60-cent?utm_source=rss_feed Thu, 25 Aug 2022 12:55:48 +0000 Hong Kong’s housing market is under greater pressure as home sales slowed down in Hong Kong amid concerns of rising interest rates, softening home prices and greater supply in the pipeline. Just 128 out of 168 flats, or 76.8 per cent, offered at Villa Garda’s phase two development – developed by Sino Land, K Wah International and China Merchants Land – at Lohas Park in Tseung Kwan O were sold on Sunday, according to agents. “After all, this is the third round of sales. The interest rate rise has... https://www.scmp.com/business/article/3185599/just-77-cent-flats-tseung-kwan-os-villa-garda-phase-two-development-sold?utm_source=rss_feed https://www.scmp.com/business/article/3185599/just-77-cent-flats-tseung-kwan-os-villa-garda-phase-two-development-sold?utm_source=rss_feed Sun, 17 Jul 2022 15:00:00 +0000 Hongkongers snapped up almost every flat in the second phase of Sino Land’s Villa Garda project in the Lohas Park district of Tseung Kwan O in the New Territories, shrugging off the city’s rising mortgage rates. The developer sold 225 flats, or 95 per cent of the 238 units on offer at Villa Garda I as of 7pm, for close to HK$2 billion (US$255 million) in sales proceeds, according to Sino Land’s executive director Victor Tin. “Including the sales launch on June 30, Villa Garda I sold 463 units,... https://www.scmp.com/business/article/3184508/home-buyers-snap-sino-lands-villa-garda-flats-lohas-park-enticed-16-cent?utm_source=rss_feed https://www.scmp.com/business/article/3184508/home-buyers-snap-sino-lands-villa-garda-flats-lohas-park-enticed-16-cent?utm_source=rss_feed Thu, 07 Jul 2022 23:30:19 +0000 Hong Kong’s homebuyers snapped up every flat on sale within three hours during a new launch, taking advantage of the breather offered by the city’s banks as they kept prime rates unchanged after the latest round of global rate hikes. All 238 flats at Sino Land’s Villa Garda I project at Lohas Park in Tseung Kwan O were sold by noon, a spokeswoman said, for a total sales haul estimated at HK$2.2 billion (US$280.4 million). Nearly 6,200 bids were received, translating to 26 bids chasing every... https://www.scmp.com/business/article/3183622/sino-land-sells-all-238-flats-lohas-park-three-hours-buyers-rush-get-ahead?utm_source=rss_feed https://www.scmp.com/business/article/3183622/sino-land-sells-all-238-flats-lohas-park-three-hours-buyers-rush-get-ahead?utm_source=rss_feed Thu, 30 Jun 2022 06:45:21 +0000