{"id":122904,"date":"2021-10-30T08:00:25","date_gmt":"2021-10-30T01:00:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-development-to-pay-hk9-66-billion-premium-in-st-josephs-home-for-the-aged-land-exchange\/"},"modified":"2021-10-30T08:06:39","modified_gmt":"2021-10-30T01:06:39","slug":"kowloon-development-to-pay-hk9-66-billion-premium-in-st-josephs-home-for-the-aged-land-exchange","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-development-to-pay-hk9-66-billion-premium-in-st-josephs-home-for-the-aged-land-exchange\/","title":{"rendered":"Kowloon Development to pay HK$9.66 billion premium in St Joseph\u2019s Home for the Aged land exchange"},"content":{"rendered":"


\nKowloon Development has agreed to exchange land it had hoped to redevelop for years on the site of the former St Joseph\u2019s Home for the Aged in Clear Water Bay, and will pay the largest land premium in four years for another site in Kowloon.The property developer said two of its subsidiaries agreed to surrender a 19,335 sq m (208,120 sq ft) lot at the historic site to the government and would pay a premium of HK$9.66 billion (US$1.24 billion) for a larger lot of 22,373 sq m with a 50-year lease\u2026
\n
\nSource : South China Morning Post
\nRead more…Kowloon Development to pay HK.66 billion premium in St Joseph\u2019s Home for the Aged land exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Kowloon Development has agreed to exchange land it had hoped to redevelop for years on...<\/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-122904","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-vYk","jetpack-related-posts":[{"id":96117,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-plot-sells-for-under-hk10000-per-sq-ft-for-first-time-since-november-2016-in-government-auction\/","url_meta":{"origin":122904,"position":0},"title":"Kowloon plot sells for under HK$10,000 per sq ft for first time since November 2016 in government auction","date":"August 16, 2018","format":false,"excerpt":"\r A plot in Kowloon has been auctioned for under HK$10,000 per square foot, the first time urban land has been sold for such a low price in nearly two years. Poly Property Group, the Hong Kong-listed arm of state-owned China Poly Group, won the auction for the 39,612 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76412,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-kowloon-tong-residential-plot-could-fetch-hk10-billion-after-tender-draws-strong-response\/","url_meta":{"origin":122904,"position":1},"title":"New Kowloon Tong residential plot could fetch HK$10 billion after tender draws strong response","date":"January 12, 2018","format":false,"excerpt":"\r A residential site in Kowloon Tong that might become Kowloon\u2019s priciest piece of land per square foot drew a strong response from at least nine developers before a deadline for submitting bids closed at noon on Friday. The lot, at the junction of Lion Rock Tunnel Road and Lung\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-sino-land-and-great-eagle-secure-kowloon-site-for-us206-million\/","url_meta":{"origin":122904,"position":2},"title":"Hong Kong\u2019s Sino Land and Great Eagle secure Kowloon site for US$206 million","date":"January 7, 2026","format":false,"excerpt":"\r A joint venture between Sino Land and Great Eagle Holdings has won a government residential site tender in Kowloon for HK$1.61 billion (US$206 million), outbidding major Hong Kong developers as the city\u2019s housing market shows signs of stabilising. The purchase of the 41,226 sq ft site, which could yield\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87401,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sino-land-csi-join-forces-to-win-yau-tong-land-site-adding-even-more-appeal-to-former-kowloon-industrial-area\/","url_meta":{"origin":122904,"position":3},"title":"Sino Land, CSI join forces to win Yau Tong land site, adding even more appeal to former Kowloon industrial area","date":"May 8, 2018","format":false,"excerpt":"\r Hong Kong developers Sino Land and CSI Properties are teaming up to develop a 43,400 square foot MTR site in southeast Kowloon\u2019s Yau Tong \u2013 a traditional industrial area where analysts see huge potential for future residential development.\u00a0 The winning bid was not disclosed, but the land premium paid\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172700,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-land-sale-stuns-market-as-hk4-3b-bid-hits-5-year-kowloon-high\/","url_meta":{"origin":122904,"position":4},"title":"Hong Kong land sale stuns market as HK$4.3b bid hits 5-year Kowloon high","date":"October 6, 2026","format":false,"excerpt":"\r Kerry Properties has won a land plot in Ho Man Tin for HK$4.31 billion (US$549 million), the highest price paid for a residential site in Kowloon in nearly five years, as developers show confidence in demand for luxury homes. The site on Fat Kwong Street sold at HK$20,738 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170512,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kowloon-east-site-attracts-nine-bids-as-hong-kong-housing-outlook-brightens\/","url_meta":{"origin":122904,"position":5},"title":"Kowloon East site attracts nine bids as Hong Kong housing outlook brightens","date":"February 6, 2026","format":false,"excerpt":"\r Hong Kong\u2019s tender for a 3,132 square metre (33,712 sq ft) residential plot in Ngau Tau Kok, Kowloon East, has drawn nine bids, according to the Development Bureau. The site was estimated to be worth as much as HK$1.55 billion (US$198 million), according to real estate services provider CBRE.\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\/122904"}],"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=122904"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122904\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}