{"id":121482,"date":"2021-08-17T06:30:29","date_gmt":"2021-08-16T23:30:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/derelict-buildings-on-prime-site-in-causeway-bay-may-finally-be-in-line-for-redevelopment-as-two-families-sell-their-minority-stake-for-up-to-hk1-8-billion\/"},"modified":"2021-08-17T08:03:06","modified_gmt":"2021-08-17T01:03:06","slug":"derelict-buildings-on-prime-site-in-causeway-bay-may-finally-be-in-line-for-redevelopment-as-two-families-sell-their-minority-stake-for-up-to-hk1-8-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/derelict-buildings-on-prime-site-in-causeway-bay-may-finally-be-in-line-for-redevelopment-as-two-families-sell-their-minority-stake-for-up-to-hk1-8-billion\/","title":{"rendered":"Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK$1.8 billion"},"content":{"rendered":"


\nThe final hurdle standing in the way of plans to redevelop three dilapidated buildings in the heart of Causeway Bay may soon be cleared.Two families have decided to auction off their 20 per cent stake in the plot in one of the Hong Kong\u2019s busiest commercial districts, in a move that could pave the way for refurbishment if the majority owner successfully bids for it.According to property agents, the majority shareholder owns 70 per cent of the site, and the further 20 per cent would give it the\u2026
\n
\nSource : South China Morning Post
\nRead more…Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK.8 billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The final hurdle standing in the way of plans to redevelop three dilapidated buildings 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-121482","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-vBo","jetpack-related-posts":[{"id":122974,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-pays-us164-5-million-for-20-per-cent-stake-in-three-old-buildings-in-prime-hong-kong-area\/","url_meta":{"origin":121482,"position":0},"title":"New World Development pays US$164.5 million for 20 per cent stake in three old buildings in prime Hong Kong area","date":"November 3, 2021","format":false,"excerpt":"\r New World Development has acquired a further 20 per cent ownership in three dilapidated buildings in the heart of Causeway Bay for HK$1.28 billion (US$164.5 million), according to people familiar with the matter.The price was about 29 per cent lower than the market expectation of HK$1.8 billion, analysts said.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109978,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/missing-tycoon-xiao-jianhuas-relatives-sell-causeway-bay-shop-for-a-massive-31-per-cent-loss\/","url_meta":{"origin":121482,"position":1},"title":"Missing tycoon Xiao Jianhua\u2019s relatives sell Causeway Bay shop for a massive 31 per cent loss","date":"August 17, 2019","format":false,"excerpt":"\r A shop in Causeway Bay, owned by relatives of Chinese billionaire Xiao Jianhua, the founder of the troubled Tomorrow Group, was sold at a massive loss as they start unwinding their property portfolio in the city.On Thursday, Xiao Yonghong and Sun Darui, the younger sister and brother-in-law of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bank-of-china-unit-buys-three-commercial-buildings-in-hong-kong-for-hk3-billion\/","url_meta":{"origin":121482,"position":2},"title":"Bank of China unit buys three commercial buildings in Hong Kong for HK$3 billion","date":"August 31, 2017","format":false,"excerpt":"\r Bank of China (Hong Kong)\u2019s asset management arm said it has completed the acquisition of three commercial buildings in Hong Kong for a total of HK$3.1 billion (US$396 million), the latest deal involving mainland entities in the city\u2019s property market. BOCHK Asset Management bought 100 per cent of The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hysan-core-profit-up-5-5-per-cent-to-hk2-28-billion\/","url_meta":{"origin":121482,"position":3},"title":"Hysan core profit up 5.5 per cent to HK$2.28 billion","date":"March 8, 2016","format":false,"excerpt":"\r Hysan Development, one of the largest commercial landlords in Causeway Bay, reported underlying profit rose 5.5 per cent to HK$2.28 billion last year.\r \r Source : South China Morning Post\r Read more...Hysan core profit up 5.5 per cent to HK.28 billion","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":121482,"position":4},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":121482,"position":5},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\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\/121482"}],"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=121482"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121482\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}