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Great Eagle Holdingsi

Great Eagle Holdings is a property company listed and based in Hong Kong. Its operations span property investment and hotels, and it operates in Hong Kong, North America, Europe and the Asia Pacific. As of 2012, its hotel portfolio comprised 13 properties with more than 6,000 rooms, including 10 hotels branded under the Langham name in Hong Kong, Shanghai, London, Boston, Los Angeles, Melbourne and Auckland, Eaton Hotels in Hong Kong and Shanghai; and the Delta Chelsea Hotel in Toronto.

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  • The site at the junction of Sai Ning Street and Victoria Road, expected to yield 450 flats, drew far fewer bids than expected
  • The anticipated lengthy development period for the site may also have deterred potential bidders, analysts said
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The biggest residential plot of land in Hong Kong’s southern Stanley district in two decades was withdrawn from sale by the government on Tuesday, after all four tenders failed to meet its reserve price.

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The Peninsula’s opening in Kowloon in 1928 was met with scorn, but from Hong Kong a global luxury hotel brand grew, and it’s not the only one. The city’s location, talent and cosmopolitanism make it the ideal base.

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The sale of the land is also a crucial test of the so-called two envelope approach, which awards the winning bid on the merit of designs, planning and their congruence with the surrounding, in addition to beating the minimum reserve price.

The emergence of Great Eagle is the latest twist in the dramatic rise and fall of Pan, whose Hong Kong-listed Goldin Financial Holdings made headlines in June 2019 when it forfeited HK$25 million in deposit after walking away from its HK$11.1 billion bid for a harbourfront plot of commercial land at the former Kai Tak airport site.

The mixed results add to the uncertainties facing the world’s most expensive residential property market, as a combination of the year-long US-China trade war and Hong Kong’s worst civic unrest on record drove many property buyers to the sidelines.

Lo Ka-shui’s victory in a family feud over the US$3 billion Great Eagle property empire has proved a mixed blessing as trade war crimps international plans.

The trust manager is accused of a conflict of interest in a two-year legal battle between Lo To Lee-kwan and Lo Ka-shui, the widow and third son of Lo Ying-shek.

A record low winning bid for a residential site in Tai Po surprised the market yesterday as it became evident the government is open to settle for cheaper land prices as it seeks to increase housing supply.

Langham Hospitality Investments, which operates three luxury hotels in Kowloon, started trading in a gloomy market weighed down by another heavy sell-off in Japan. The Nikkei 225 Index dropped 5.2 per cent as a strengthening yen triggered heavy profit-taking. The Hang Seng Index fell 0.31 per cent.