{"id":106708,"date":"2019-04-30T11:33:37","date_gmt":"2019-04-30T04:33:37","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/old-is-gold-as-chinese-firms-target-hong-kong-buildings-older-than-50-years-for-redevelopment-in-bid-to-cut-costs-boost-margins\/"},"modified":"2019-04-30T12:10:04","modified_gmt":"2019-04-30T05:10:04","slug":"old-is-gold-as-chinese-firms-target-hong-kong-buildings-older-than-50-years-for-redevelopment-in-bid-to-cut-costs-boost-margins","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/old-is-gold-as-chinese-firms-target-hong-kong-buildings-older-than-50-years-for-redevelopment-in-bid-to-cut-costs-boost-margins\/","title":{"rendered":"Old is gold as Chinese firms target Hong Kong buildings older than 50 years for redevelopment in bid to cut costs, boost margins"},"content":{"rendered":"


\nThe number of compulsory auctions in Hong Kong has risen since last year, as land acquired through this route is cheaper than plots bought through government tender.\u201cThe main reason is that the land offered [for tender] by the government has a high value at several billion. A project can often cost about HK$10 billion, taking construction costs into account,\u201d said Charles Chan, managing director of valuation and professional services at Savills. \u201cIn contrast, the development cost of projects \u2026
\n
\nSource : South China Morning Post
\nRead more…Old is gold as Chinese firms target Hong Kong buildings older than 50 years for redevelopment in bid to cut costs, boost margins<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of compulsory auctions in Hong Kong has risen since last year, as land...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-106708","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rL6","jetpack-related-posts":[{"id":86962,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/australian-logistics-specialist-goodman-aces-hong-kong-firms-with-us350m-bid-for-tuen-mun-site\/","url_meta":{"origin":106708,"position":0},"title":"Australian logistics specialist Goodman aces Hong Kong firms with US$350m bid for Tuen Mun site","date":"May 2, 2018","format":false,"excerpt":"\r Goodman HK Investments, a subsidiary of Australia-based Goodman Group, bagged a large plot in northwestern Hong Kong for HK$2.75 billion (US$350.3 million), the first logistics site the government put on tender in five years which surprisingly did not attract a single Chinese e-commerce behemoth. Westlink Investments, a unit of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55241,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parking-is-prime-in-hong-kong-property-market\/","url_meta":{"origin":106708,"position":1},"title":"Parking is prime in Hong Kong property market","date":"May 18, 2017","format":false,"excerpt":"\r The most expensive plot of land ever sold in Hong Kong is a public car park squeezed between Cheung Kong Center and Hutchison House, two major flagship buildings owned by the city's richest man Li Ka-shing.The HK$23.3 billion (Dh10.99bn) site at Murray Road, in the heart of Hong Kong's\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104445,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-developers-take-redevelopment-route-to-shore-up-hong-kong-land-bank-as-they-fail-to-win-government-tenders\/","url_meta":{"origin":106708,"position":2},"title":"Mainland Chinese developers take redevelopment route to shore up Hong Kong land bank as they fail to win government tenders","date":"February 27, 2019","format":false,"excerpt":"\r Mainland Chinese builders appear to be shifting their Hong Kong land bank strategy by acquiring old buildings for redevelopment, as fierce competition and Beijing\u2019s capital outflow restrictions make it difficult to secure plots in government tenders.Last year, they submitted 39 compulsory en-bloc sale applications to Hong Kong\u2019s Lands Tribunal,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123098,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-hong-kong-developers-spend-us2-6-billion-in-land-property-acquisition-binge-in-past-12-months\/","url_meta":{"origin":106708,"position":3},"title":"Small Hong Kong developers spend US$2.6 billion in land, property acquisition binge in past 12 months","date":"November 9, 2021","format":false,"excerpt":"\r Hong Kong\u2019s small and mid-sized developers are accelerating their pace of accumulating land banks as they bet on an economic revival and chronic housing shortage to keep home prices at elevated levels.Wang On Properties, Kowloon Development, HKR International and Lai Sun Development have invested nearly HK$20 billion (US$2.6 billion)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101710,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shenzhens-rising-costs-boost-office-demand-in-hong-kong-as-local-firms-return-home\/","url_meta":{"origin":106708,"position":4},"title":"Shenzhen\u2019s rising costs boost office demand in Hong Kong as local firms return home","date":"November 27, 2018","format":false,"excerpt":"\r A question that was often asked in the 1990s is now increasingly being discussed by tenants. At that time, Hong Kong companies had begun to venture into mainland China, choosing Shanghai and Beijing as strategic pathways into East and North China respectively, and benefiting from the two cities\u2019 fast\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71467,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/price-of-waterfront-land-in-hong-kongs-cheung-sha-wan-could-reach-record-as-11-firms-bid\/","url_meta":{"origin":106708,"position":5},"title":"Price of waterfront land in Hong Kong\u2019s Cheung Sha Wan could reach record as 11 firms bid","date":"November 10, 2017","format":false,"excerpt":"\r A total of 11 Hong Kong and mainland Chinese developers have submitted bids for waterfront housing land in Hong Kong\u2019s Cheung Sha Wan area, according to the city\u2019s Lands Department, looking to buy a site analysts said had the potential to become the most expensive residential land in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106708"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=106708"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}