{"id":113179,"date":"2019-12-18T21:02:44","date_gmt":"2019-12-18T14:02:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/state-backed-conglomerate-citic-pacific-wins-bid-for-tai-hang-luxury-residential-site-for-hk3-2-billion\/"},"modified":"2019-12-18T22:33:48","modified_gmt":"2019-12-18T15:33:48","slug":"state-backed-conglomerate-citic-pacific-wins-bid-for-tai-hang-luxury-residential-site-for-hk3-2-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/state-backed-conglomerate-citic-pacific-wins-bid-for-tai-hang-luxury-residential-site-for-hk3-2-billion\/","title":{"rendered":"State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK$3.2 billion"},"content":{"rendered":"


\nHong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city\u2019s Lands Department said on Wednesday.The company beat 24 other bidders for the plot, which was initially expected to go for a bid between HK$1.7 billion and HK$5.41 billion (US$218 million and US$694 million), according to market observers.The winning bid is being viewed as indicative of the cautious\u2026
\n
\nSource : South China Morning Post
\nRead more…State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK.2 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in...<\/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-113179","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-trt","jetpack-related-posts":[{"id":43329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citic-buys-wuhan-land-for-9-92-billion-yuan\/","url_meta":{"origin":113179,"position":0},"title":"Citic buys Wuhan land for 9.92 billion yuan","date":"February 8, 2017","format":false,"excerpt":"\r Citic Pacific China, the property unit of the country\u2019s largest state-owned conglomerate, has paid 9.92 billion yuan (HK$11.18 billion) to buy a piece of land in the Hubei provincial capital of Wuhan, returning to building apartments, a year after disposing of its residential property portfolio to a rival. Citic\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-conglomerate-citic-swaps-residential-properties-for-china-overseas-shares-and-commerical-projects\/","url_meta":{"origin":113179,"position":1},"title":"Chinese conglomerate Citic swaps residential properties for China Overseas\u2019 shares and commerical projects","date":"March 14, 2016","format":false,"excerpt":"\r Citic, China\u2019s largest state-backed conglomerate, will sell around 31 billion yuan worth of mainland residential property projects to China Overseas Land & Investment in exchange for a 10 per stake in the property giant and 6.15 billion yuan of the latter\u2019s commercial\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-pays-hk1-96-billion-for-13200-sq-ft-plot-in-wan-chai-beating-20-rivals-in-fierce-competition\/","url_meta":{"origin":113179,"position":2},"title":"Swire Properties pays HK$1.96 billion for 13,200 sq ft plot in Wan Chai, beating 20 rivals in fierce competition","date":"June 22, 2022","format":false,"excerpt":"\r Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.\r \r Source : South China Morning Post\r Read more...Swire Properties pays HK.96 billion for 13,200 sq ft plot in Wan Chai, beating\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hna-wins-second-site-in-kai-tak-for-hk5-41-billion-sets-new-record\/","url_meta":{"origin":113179,"position":3},"title":"HNA wins second site in Kai Tak for HK$5.41 billion, sets new record","date":"December 19, 2016","format":false,"excerpt":"\r Chinese conglomerate HNA Holding Group has paid a record HK$13,600 per square foot for its second residential site in the Kai Tak area. The Lands Department awarded the 94,755 square foot site, known as Kai Tak Area 1L Site 3, to Sky Hero Development, a unit of HNA, for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124274,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/discovery-bay-developer-hong-kong-resort-company-to-invest-us1-9-billion-the-biggest-in-lantau-in-the-past-decade\/","url_meta":{"origin":113179,"position":4},"title":"Discovery Bay developer Hong Kong Resort Company to invest US$1.9 billion, the biggest in Lantau in the past decade","date":"January 18, 2022","format":false,"excerpt":"\r Hong Kong Resort Company plans to invest HK$15 billion (US$1.9 billion) to build 1,400 flats in Discovery Bay, its biggest investment in more than a decade in Lantau.The Hong Kong-listed company, a joint venture between HKR International and Citic, is the developer of Discovery Bay, a sprawling residential community\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wheelock-properties-wins-kwu-tung-residential-land-tender-with-us540-million-bid\/","url_meta":{"origin":113179,"position":5},"title":"Wheelock Properties wins Kwu Tung residential land tender with US$540 million bid","date":"July 29, 2021","format":false,"excerpt":"\r A residential site in one of the least developed areas of Hong Kong was sold for higher than market expectations to Wheelock Properties on Wednesday.Wheelock won the parcel in Kwu Tung in the northern New Territories for HK$4.19 billion (US$540 million), some 7.4 per cent more than the top\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\/113179"}],"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=113179"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113179\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}