Hong Kong’s Urban Renewal Authority (URA) received seven tender submissions for a major waterfront residential redevelopment project in Hung Hom, drawing bids from some of the city’s largest developers despite a subdued land market. The authority said on Monday that seven developers submitted tenders for the project before the noon deadline. A tender review panel under the URA board will assess the bids before making recommendations, with the board to decide on the successful...
Ikea’s parent company Ingka Group has hired property consultancy JLL as its sole sales agent to offload eight retail properties in mainland China, the multinational furniture brand’s largest asset disposal since it entered the market nearly 30 years ago. Seven of the properties were Ikea stores that ceased their operations in February. The remaining one, a site in Guiyang in the southern province of Guizhou, shut down in 2022 and has been vacant ever since, according to disclosure from JLL last...
A Hong Kong developer is dangling Mercedes-Benz cars to entice buyers of its high-end homes in the Southern district, riding on a resurgence in the luxury property segment. K&K Property partnered with Zung Fu Limited to launch the promotion at One Stanley, an 82-unit project that had attracted wealthy local and overseas buyers seeking privacy, exclusivity and sea views, with the campaign coinciding with the 29th anniversary of Hong Kong’s handover. “This promotion aims to attract potential...
Godrej Properties already has four developments in Tamil Nadu, excluding the project it has currently signed