Real Estate Development

SINO LAND

Sino Land's Hai Ti Wan I sells 5 units for nearly HKD 60m today; Palong series cumulative sales exceed HKD 16.9bn

Mirabelle I Sells Eight Units in One Day

Sino Land Co. Ltd. Earns Top S&P Global Sustainability Assessment Scores and Inclusion in Dow Jones Index

Wharf Holdings and Others Sell 6 Units, Generating HKD 57.69 Million Today

Sino Land and K Wah International Sell 40 Units Over Three Days

Wharf Real Estate Development Co. Ltd. et al. joint-development project Lam Mirabelle I sold 288 units in one month

Sun Hung Kai Properties Issues New Shares for Mid-Term Dividend

BofA Securities Raises Sun Hung Kai Properties Target Price to HKD 13.5 and Reiterates Buy Rating

Sino Land's Haite Bay I Project Rapidly Sells 607 Units, Raises Over HK$5.3 Billion

Huang Zhixiang increased holdings in Sino Properties to 61.74%

Sino Land's Hai Ti Bay I Sells 70 Units on the Same Day

Sunrise by the Sea Phase I to Offer 261 Units for Public Sale by Sun Hung Kai Properties and Others

Xinhe Properties Launches Additional 127 Units at Oi Kei Bay I

Sino Land's Kowloon East Ocean Bay Phase II Round 2 Sales Fully Sold Out

BofA Securities Predicts Hong Kong Property Developers' Earnings Have Bottomed Out

Shun Tak Properties and Others Launch Haiti Bay I Real Estate Project

Sino Land Leads the Sale of Kai Tak Bay I in Kowloon East

Haitiwan I Project Receives Over 28 Times Subscription Excess

Xinhe 置业 Haiti Bay I sales exceed target by over 23 times

I.CENTURY HLDG

KOS TALENT GP

RIVERINE CHINA

NEW AMANTE

AEC GROUP

DIGIT HOLLYWOOD

C&N HOLDINGS

ZXZN QI-HOUSE

XL2CSOPHYNIX

RICI HEALTH

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The Hong Kong government's first land sale of the financial year attracted six bids, indicating renewed confidence in the residential property market. Sun Hung Kai Properties submitted a solo bid for Tung Chung Town Lot No 54, while Kerry Properties and Sino Land made a joint offer. The site, expected to yield around 990 residential units, has an estimated value of HK$960 million. Analysts suggest the competitive bidding reflects strong housing demand despite ongoing market caution.

SCMP

SHK PPT

KERRY PPT

CBRE

GREAT EAGLE H

CHINA OVERSEAS

CHI MER LAND

MTR CORPORATION

S&P Global

SHK PPT-R

CHINA MERCHANTS

6 bids for Hong Kong land sale signal renewed confidence despite market caution

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The Tung Chung Town Lot No. 54 closed for tender today, receiving six bids from developers including K. WAH INT'L, CHINA OVERSEAS, SHK PPT, and a consortium of SINO LAND and KERRY PPT. The site, covering approximately 152,332 square feet, is designated for private residential use and is expected to yield around 1,000 residential units.

AASTOCKS News

TST PROPERTIES

K. WAH INT'L

CH OVS G OCEANS

Lands Dept: Tung Chung Residential Site Receives 6 Bids

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HSBC Research reports that Hong Kong's primary residential sales are resilient, with April transactions reaching 2,500 units, 25% above the monthly average. The firm anticipates a seven-year high in transaction volume and expects upward revisions in earnings forecasts for developers due to margin expansion. HSBC favors SHK PPT, Henderson Land, and Sino Land, all rated Buy, with target prices of HKD150.6, HKD35.8, and HKD14.4 respectively. Improved demand is expected to enhance pricing power for new projects in the coming months.

HENDERSON INV

HENDERSON LAND

HSBC HOLDINGS

HSBC

HSBC Holdings Plc

HSBC 5xShortSG241213

HSBC Research: HK Developers' Pricing Power Rebounds, Favors SHK PPT , HENDERSON LANDand SINO LAND

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A consortium led by Sino Land and Great Eagle Holdings has won the tender for the Kam Sheung Road Station Phase Two development, investing over HK$13 billion (US$1.7 billion). This project is significant for Hong Kong's Northern Metropolis, aiming to enhance the region's economic base and integrate with the Greater Bay Area. The development will feature residential and retail components, with a gross floor area of approximately 767,882 sq ft for residential and 438,633 sq ft for commercial use. The consortium outbid seven competitors, including major developers like CK Asset Holdings and Sun Hung Kai Properties.

CK ASSET

Sino Land-led consortium clinches Kam Sheung Road Phase Two with US$1.7 billion

Equity disclosure shows that former chairman of SINO LAND, Huang Zhixiang, increased his holdings in SINO LAND by approximately 74.4369 million shares in the over-the-counter market on April 13, at an average price of about 11.502 yuan, raising his shareholding from 60.96% to 61.74%

AASTOCKS

Huang Zhixiang increased his holdings in SINO LAND by over 74.43 million shares, raising his shareholding to 61.74%

The Minsha Service Center purchased the top floor office of SINO LAND Center in Mong Kok for HKD 30 million. The original owner bought it for HKD 40 million in 2012 and held it for nearly 14 years, resulting in a book loss of HKD 10 million, a depreciation of 25%. The property has a construction area of approximately 4,643 square feet, with a rental return of about 4.6%. Minsha was established in 2002 and is a registered charity in Hong Kong dedicated to supporting low-income families and the elderly

"HK Property" Minsha purchased the top floor office property of SINO LAND Center in Mong Kok for HKD 30 million, with a 25% depreciation over fourteen years

Zhongyuan Real Estate's Huang Jingjuan stated that a unit at Blue Bay located near the Hang Hau Station in Tseung Kwan O was sold for HKD 8.18 million, with a usable area of 509 square feet, resulting in a price of HKD 16,071 per square foot. The original owner purchased the unit for HKD 7.49 million in January 2024, held it for over two years, and can now make a profit of HKD 690,000 upon resale

The two-bedroom unit at Blue Bay in Hong Kong sold for HKD 8.18 million, with a profit of HKD 690,000 after holding for more than 2 years

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Hong Kong developers are set to launch nearly 1,300 flats as homebuying sentiment improves, with some increasing prices. Sino Land will release 261 units at La Mirabelle I, with prices up 1% from the previous batch. Strong sales were noted, with all units sold on launch day. New World Development is offering 148 units at Pavilia Farm III, with average prices significantly higher than previous launches but still at a discount compared to resale prices. Centaline expects robust primary sales, potentially matching March's figures. Other developers are also preparing launches with pricing details forthcoming.

SINO HOTELS

NEW WORLD DEV

Developers line up 1,300 Hong Kong flats as sentiment improves, prices tick higher

SINO LAND(00083.HK)