Hong Kong-listed developer Sun Hung Kai Properties bought a rare luxury residential site for HK$4.49 billion (S$708 million) in a hotly contested government land auction on Thursday. The price was at the upper end of market expectations, suggesting the impact of the government's property tightening measures remains limited due to shortage in the supply of prime land. The winning bid at the second public...
Sun Hung Kai
Sale brings in HK$8b for firm, partners as demand stays strong Sun Hung Kai Properties Ltd, the world's biggest developer by market value, has sold 300 flats at an apartment project in Hong Kong's Island South district over the past two weekends. The sale at the Larvotto project has brought in a total of HK$8 billion (S$1.4 billion) in revenue for Sun Hung Kai and partners Kerry Properties Ltd and...