Visit our new website:

China’s troubled HNA Group flips Kai Tak plots to Henderson Land for a profit of HK$1.7 billion

  • Wed, 14 Feb 2018 04:48
HNA Group, the financially troubled Chinese conglomerate, has made a quick HK$ 1.7 billion (US$ 217 million) by selling two of its four Hong Kong residential plots bought 15 months ago for a record sum to one of the city’s biggest developers. The two plots at the site of Hong Kong’s former airport in Kai Tak have a total gross floor area of 1.06 million square feet and were sold to Henderson Land Development for HK$ 16 billion, or HK$ 15,000 per square foot, a record in terms of per... South China Morning Post - Hong Kong & China feed


Related Stories

And then there were none: Hong Kong top seed Wong Chun-ting stopped in the last 16 by fierce Swedish fightback
  • Fri, 25 May 2018 20:43

Hong Kong world number seven Wong Chung-ting appeared to have sapped all his energy in this morning’s doubles win as his unbeaten run came to an...

Zhu Ting, Lang Ping and China women’s volleyball team hit the gym as they prepare for Volleyball Nations League in Hong Kong
  • Fri, 25 May 2018 18:48

Within hours of stepping off a flight from Beijing, Chinese star spiker, Zhu Ting, rejoined her China teammates for the latest leg of the FIVB women&r...

Nurturing a global mindset with future-ready learning programmes at Stamford
  • Fri, 25 May 2018 16:43

[Sponsored article] Offering a world-class international education for children aged five to 13 and ultimately up to 18 years old, Stamford American...

Shares in luggage maker Samsonite continue to slump despite labelling short seller’s report ‘misleading’
  • Fri, 25 May 2018 13:20

Shares in Samsonite International, the world’s largest branded luggage maker, have slumped more than 11 per cent after trading in its Hong Kong ...

Too caught up in celebrity life? Multiple Olympic gold medallist Zhang Jike crashes out of the Hong Kong Open
  • Fri, 25 May 2018 10:52

Chinese table tennis legend Zhang Jike was mobbed by screaming fans before his first-round main draw game even started on Thursday afternoon – b...

China's tour ban lifting yet to help related sectors: sources
  • Fri, 25 May 2018 10:27

South Korea's cosmetics and tourism industries have yet to benefit much from China's lifting of a ban on group tours to 코리아헤럴드

Crack climbing in Liming – where Hongkongers can learn to trad as experts take risks to plot new routes
  • Thu, 24 May 2018 14:56

Traditional climbing is more akin to fighting than effortlessly gliding up rock faces, and even the most experienced climber should expect to see bloo...

Hotspot for Mong Kok street performers on chopping block as district council meets
  • Thu, 24 May 2018 12:45

Calm could soon return to one of Hong Kong’s busiest streets, with district councillors expected to pass a motion on Thursday to shut down a bus...

Climbing Hong Kong’s tallest skyscrapers, the adrenaline of being chased and dealing with risk
  • Thu, 24 May 2018 10:46

When James Sight perches on the edge of a huge building, he seems comfortable and at ease, but that was not always the case. When he first started cli...

Gov’t to build on Pearl Horizon land, buyers allowed to acquire new units
  • Thu, 24 May 2018 09:42

The government will build on the land plot known as the “Pearl Horizon” in the Areia Preta district at its own expense, as stated yesterday aftern...

Australian logistics firm Goodman to build robotics-led warehouse in Hong Kong as e-commerce clientele grows
  • Thu, 24 May 2018 08:56

Australia-based logistics property developer Goodman plans to build a warehouse with robots receiving, sorting and storing goods, at a site in Tuen Mu...

Property purchases in Hong Kong rise to US$38.2 billion, a 21-year high for first five months
  • Thu, 24 May 2018 06:53

The frenetic buying of homes, offices and car parks has lifted the total spend on property to HK$ 300.2 billion (US$ 38.2 billion) in less than five...

News Categories