Tag: Tung Chung

Shimao Property buys Tung Chung hotel plot for HK$1.83 billion

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

Pre-sale Consent Applications for Residential Properties reach 21-month high in June

5 July 2014 - Developers are keen on preparing their properties for launch. Apple Daily reported that the Lands Department received 7 pre-sale consent applications with a total of 2,822 uncompleted residential units in June setting a 21-month record high. For the latest applications, the Fat Kwong Street project in Ho Man Tin which was bought by S
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