Chinachem Tag

01 Mar New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

Posted at 06:07h in Asia

New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 million) as part of plans to reduce its heavy debt load.The move is...

03 Jan Sun Hung Kai Properties, ‘survivor in a long winter’, tops Hong Kong property sales with 30% of homes sold in 2023

Posted at 08:06h in Asia

Hong Kong’s most valuable developer Sun Hung Kai Properties (SHKP) topped the city’s sales tables in 2023, accounting for over a quarter of the deal volume at a time when shrinking home prices and a 33-year trough for real estate transactions are weighing on one...

01 Jan CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress

Posted at 03:30h in Asia

The CEOs of major landlords and developers in Hong Kong have made building on the normalisation that began last year a top priority for 2024, with a focus on strengthening balance sheets, evolving tenant portfolios and exploring new business opportunities.These priorities also come with an...

Chinachem Tag

01 Mar New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

03 Jan Sun Hung Kai Properties, ‘survivor in a long winter’, tops Hong Kong property sales with 30% of homes sold in 2023

01 Jan CEOs at top Hong Kong builders, landlords share optimism on outlook, see sustainability as key issue amid market stress

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