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13.05.26 - 12:15
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Blackstone Reportedly Walks away from USD4B Deal With NEW WORLD DEV (AAStocks)
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Blackstone Inc. (BX.US) has walked away from its USD4 billion deal with NEW WORLD DEV (00017.HK) after the Cheng family refused to relinquish control, ending months of deadlocked negotiations, Bloomberg reported, quoting people with the knowledge of the matter.Since March, NEW WORLD DEV has also been in talks with other potentia......
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30.04.26 - 14:36
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Hong Kong homebuyers flock to new launches as flats sell out swiftly (SCMP)
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Hong Kong homebuyers snapped up most of the new flats released on Thursday, with developers beginning to ramp up new construction amid sustained housing demand.
All 120 units at the One Victoria Cove I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold by 5.20pm, according to agents. Meanwhile, New World Development (NWD) and MTR Corp's Pavilia Farm III above Tai Wai MTR station found buyers for 19 of the 45 units as of 6.50pm.
Most recent......
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25.04.26 - 11:42
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Hong Kong developers clear stock amid strong demand and shrinking supply (SCMP)
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Hong Kong developers released nearly 300 new flats to the market amid enthusiastic demand from potential homebuyers as the latest official data show completion of private residential units is set to decline this year and next.
As of 3pm, 138 out of 218 units at the One Victoria Cove Phase I in Hung Hom, jointly developed by Henderson Land Development, Hysan Development and Empire Group, were sold, while at the Pavilia Farm III atop Tai Wai station in Sha Tin by New World Development (NWD) and......
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19.04.26 - 15:12
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Hong Kong homebuyers extend sell-out streak amid renewed confidence in market (SCMP)
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Hong Kong homebuyers' strong demand for new flats extended a streak of brisk sales for developers with one project selling out in a single day, underscoring the city's broader recovery in housing prices.
All 88 units at the Pavilia Farm III project by New World Development and MTR Corporation in Sha Tin were sold on Saturday, prompting the developers to put 75 more flats on sale later that night.
Elsewhere in Kai Tak, 133 units of KT Marina II were snapped up over the weekend, according to......
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18.04.26 - 11:42
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Hong Kong buyers snap up more than 180 new homes as market confidence returns (SCMP)
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Homebuyers continued to signal confidence in Hong Kong's residential market on Saturday, with about three quarters of 248 new flats put up for sale snapped up by late afternoon.
A total of 53 out of 88 units were sold at The Pavilia Farm III, while 129 of 160 units at KT Marina II in Kai Tak were taken as of 4.30pm, according to Midland Realty.
The Pavilia Farm III, a project jointly developed by New World Development (NWD) and MTR Corp atop Tai Wai Station in Sha Tin, saw buyers throng the......
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