{"id":123098,"date":"2021-11-09T06:30:18","date_gmt":"2021-11-08T23:30:18","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-hong-kong-developers-spend-us2-6-billion-in-land-property-acquisition-binge-in-past-12-months\/"},"modified":"2021-11-09T07:08:25","modified_gmt":"2021-11-09T00:08:25","slug":"small-hong-kong-developers-spend-us2-6-billion-in-land-property-acquisition-binge-in-past-12-months","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-hong-kong-developers-spend-us2-6-billion-in-land-property-acquisition-binge-in-past-12-months\/","title":{"rendered":"Small Hong Kong developers spend US$2.6 billion in land, property acquisition binge in past 12 months"},"content":{"rendered":"


\nHong 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) in the past 12 months to acquire properties in the private market for redevelopment, government tender and settling land premiums to the government to boost their\u2026
\n
\nSource : South China Morning Post
\nRead more…Small Hong Kong developers spend US.6 billion in land, property acquisition binge in past 12 months<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s small and mid-sized developers are accelerating their pace of accumulating land banks as...<\/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-123098","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-w1s","jetpack-related-posts":[{"id":119073,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consortium-of-hong-kong-and-mainland-developers-wins-bid-for-last-parcel-of-land-in-lohas-park\/","url_meta":{"origin":123098,"position":0},"title":"Consortium of Hong Kong and mainland developers wins bid for last parcel of land in Lohas Park","date":"October 31, 2020","format":false,"excerpt":"\r A consortium of Hong Kong and mainland developers trumped eight bidders to win the last parcel of land in Hong Kong\u2019s largest residential enclave that would require an investment of up to HK$20 billion (US$2.6 billion).The tender for phase 13 development of Lohas Park in Tseung Kwan O has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kerry-properties-becomes-latest-hong-kong-developer-to-make-huge-land-acquisition-in-china\/","url_meta":{"origin":123098,"position":1},"title":"Kerry Properties becomes latest Hong Kong developer to make huge land acquisition in China","date":"January 12, 2022","format":false,"excerpt":"\r Hong Kong\u2019s biggest developers continue to buy prime land sites in top-tier cities in mainland China, as they take advantage of the general malaise among competitors that are struggling to survive an unprecedented debt load in the industry.Kerry Properties, controlled by the Malaysian billionaire Robert Kuok, paid 13.3 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-more-aggressive-in-buying-land-in-face-of-competition-from-mainland-rivals\/","url_meta":{"origin":123098,"position":2},"title":"Hong Kong developers more aggressive in buying land in face of competition from mainland rivals","date":"November 27, 2016","format":false,"excerpt":"\r Hong Kong developers are more aggressive in government land sales in the face of tough competition from cashed up mainland rivals that continue on their acquisition binge as the value of the yuan tumbles, says Donald Choi Wun-hing, managing director of Nan Fung Development. His remarks come after Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118687,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-developers-rebuild-cash-hoard-to-prepare-for-new-opportunities-amid-biggest-market-correction-in-four-years\/","url_meta":{"origin":123098,"position":3},"title":"Hong Kong developers rebuild cash hoard to prepare for new opportunities amid biggest market correction in four years","date":"September 20, 2020","format":false,"excerpt":"\r Some of Hong Kong\u2019s biggest developers are building up their cash hoard by selling noncore assets, a move seen as readying themselves for acquisition opportunities amid the biggest market correction since at least 2016.This year, groups including Wheelock Properties, Chinachem and New World Development have raised more than HK$4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/former-hong-kong-airport-site-sells-for-low-end-of-expectations-signalling-caution-as-major-developers-scout-for-residential-land\/","url_meta":{"origin":123098,"position":4},"title":"Former Hong Kong airport site sells for low end of expectations, signalling caution as major developers scout for residential land","date":"March 27, 2019","format":false,"excerpt":"\r The largest residential site at Hong Kong\u2019s former Kai Tak airport has been sold to a consortium of five major developers including Henderson Land Development and Wheelock Properties for HK$9.89 billion (US$1.26 billion), matching the low end of expectations as developers adopt a cautious market outlook.The Lands Department awarded\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-builders-pay-us1-billion-for-first-plot-on-runway-of-old-kai-tak-airport\/","url_meta":{"origin":123098,"position":5},"title":"Hong Kong builders pay US$1 billion for first plot on runway of old Kai Tak airport","date":"November 7, 2018","format":false,"excerpt":"\r What a difference six months makes. A plot of prime waterfront land in Hong Kong has sold at a price that is 18 per cent lower than a comparable tender in the same area. A consortium of four major local developers won the auction for the first residential site\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\/123098"}],"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=123098"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}