Property News · August 19, 2026

After years, Macau firm opts out of Hong Kong renewal project, seeks US$153m for site


A North Point redevelopment site is being put on the market for HK$1.2 billion (US$153 million) after its owner, which spent years assembling the ageing property, warned that redeveloping it could result in losses of as much as 30 per cent.
The sale offers a rare glimpse into the difficulties facing private developers in Hong Kong’s urban-renewal drive, where lengthy acquisition periods, financing costs and uncertain returns can undermine projects even as the residential market recovers.
Cushman…

Source : South China Morning Post
Read more…After years, Macau firm opts out of Hong Kong renewal project, seeks US3m for site