〈The Standard, Aug 16, 2025〉In Kai Tak, Victoria Voyage sold four flats by tender for HK$100 million.
The development was developed by China Overseas Land & Investment (0688), The Wharf (0004), Henderson Land Development (0012) and K Wah International (0173).
Also, the Buildings Department approved six building plans in June, with three in Kowloon and three in the New Territories.
〈Hong Kong Business, Aug 14, 2025〉A non-industrial use land located at No. 569 Hoi Chu Road, Tuen Mun, will be leased to Sky Honest Limited, a subsidiary of Sino Land Company Limited for 50 years, said the Lands Department on Wednesday.
The tender closed on 8 August, with Sky Honest Limited beating out seven other well-known real estate companies, including subsidiaries controlled by China Overseas Land & Investment Limited, Kerry Properties Limited, and CK Asset Holdings Limited.
The total lease price was $1.089b, equivalent to a floor area premium of HK$3,850 per sq. ft, can accommodate over 600 residential units and is close to a future MTR station.
〈Asian Post, Aug 14, 2025〉Due to failure to meet HKEX's resumption of trading guidelines and the continued trading suspension of its shares, the China Evergrande Group will be delisted from the Hong Kong Stock Exchange at 9 a.m. on 25 August, said the HKEX.
Prior to the statement, the company has suspended trading for 18-month, share price at the time was HK$0.163 per share, with a total market capitalisation of HK$2.2b.
The company issued an announcement on 12 August, which included a liquidation report stating that there is no clear path currently to restructure China Evergrande Group and its subsidiaries, while the appointed liquidator, Alvarez & Marsal, will continue to contact creditors and collect bonds.
〈Hong Kong Business, Aug 13, 2025〉A government scheme allowing commercial buildings to be converted into student hostels is expected to breathe new life into Hong Kong’s struggling office market, where prices and rents have been falling since last year.
“Owners of existing underperforming Grade B or C office buildings will see an opportunity to give those buildings a new lease on life,” Shaman Chellaram, senior director at property consultancy Colliers, told Hong Kong Business.
“No additional procedures will be required for converting existing commercial properties. This could save them about six to nine months,” he said in an interview.
〈RTHK News, Aug 12, 2025〉The SAR government maintained its forecast for the city's economic growth prospects this year at between two and three percent, noting that uncertainty over US tariffs and the trajectory for interest rate cuts could still weigh on growth.
The unchanged forecast came after official data released by the Census and Statistics Department showed that Hong Kong's gross domestic product expanded 3.1 percent year on year in the second quarter, putting it in line with estimates.
This follows the three percent growth recorded in the first quarter of the year.
