HONG KONG

37 Shouson Hill Road: Will buyers pay top dollar for the US government’s prime Hong Kong property?

Buyers are likely to balk at the HK$3.1 billion to HK$5 billion estimates for the six mansions in the current economic and political climate, say market observersThe property could fetch as much as 20 per cent discount to similar sized plot in the same neighbourhood bought by China Resources in 2018 The exterior of 37 Shouson Hill Road property. The ...

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Israel Taps Local Firm IDE in Desalination Tender Over Hong Kong Rival

View of the Sorek Desalination Plant.  Jerusalem (Reuters/Hamodia) – Israel on Tuesday chose local company IDE Technologies over a Chinese-linked rival to build the country’s largest desalination plant to help battle water shortages that could arise from climate change. The new desalination plant will be added to five facilities already in operation in Israel. The project, to be financed by a ...

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NGO bids to save Hong Kong landmark Fenwick Pier, a Wan Chai icon to overseas sailors

Let shops and restaurants stay after fire station moves in, says Servicemen’s Guides AssociationGovernment has served notice to take back three-storey building and redevelop the site Fenwick Pier is marked for demolition under the government’s plans to secure more urban land for redevelopment. The non-profit organisation which has run Fenwick Pier in Wan Chai for nearly seven decades is making ...

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Hong Kong mixed development project receives nine bids, but offers will be low, analysts say

CK Asset Holdings, Wheelock Properties and Chinachem Group among firms bidding for Kwun Tong plotMarket valuations for the plot range from HK$4.6 billion to HK$9 billion At least 1,000 flats will have to be sold as starter homes priced at 80 per cent of their market price at the new development. Hong Kong’s first residential plot of land designated for ...

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HONG KONG GOVERNMENT CANCELS KAI TAK LAND SALE AS BIDS DISAPPOINT

An artist’s impression of the government’s plans for the former airport The Hong Kong government has scrapped the sale of the second-largest commercial site at Kai Tak, marking the latest blow to its plans for redeveloping the former airport site. The city’s Lands Department said that it had cancelled the tender for New Kowloon Inland Lot No. 6615 after all ...

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‘Out of touch’ Hong Kong withdraws Kai Tak commercial plot from sale following tepid bids by developers amid economic contraction in city

Plot at former Kai Tak airport site withdrawn from sale after bids fail to meet government’s reserve priceValuers had cut estimates for plot by as much as 20 per cent to between HK$6.38 billion and HK$10.44 billion The Hong Kong government on Wednesday withdrew a commercial plot for sale at the site of the city’s former airport at Kai Tak ...

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‘Political Spin Will Not Revive Hong Kong’, Says New PR Employee Union

The Hong Kong Public Relations and Communication Professional Union has warned agencies to consider the city’s political tensions before taking part in the ongoing global PR tender. HONG KONG — A new organization claiming to represent employees from more than 30 of the city’s PR firms has warned agencies that they face “heightened challenges” from political tensions should they attempt ...

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