Insights

24 October 2014 - Mainland developer Shimao Property (0813) partnered with another mainland developer, Mingfa Group, to outbid five others and acquire a Tung Chung hotel plot for HK$1.83 billion, meeting estimates. The price for the 138,877 square foot site translates to nearly HK$2,998 per square foot based on gross floor area. Shimao Property is