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No takers for Sun Hung Kai Properties’ Park Yoho Napoli project in Yuen Long

The first day of the Easter holiday has proved to be big disappointment for Sun Hung Kai Properties.Hong Kong’s largest developer by market value sold just five out of 113 flats on offer at its Park Yoho Napoli project in Yuen Long – the worst for any builder since late November when only two out of 27 units were sold at Jiayuan International Group and Stan Group’s T Plus micro flats project in Tuen Mun.Market watchers said the poor sales reflects prospective buyers’ wait and see attitude, as a… Source…

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Hong Kong developer Henderson Land sells a third of 101 units at Yuen Long project

Hong Kong developer Henderson Land sold about a third of the 101 apartments on offer at its Reach Summit project in Yuen Long on Tuesday, in further evidence a recovery in the city’s property market was taking hold after a five-month correction in prices.The apartments, ranging from 255 to 381 sq ft in area, were offered at an average discounted price of HK$16,088 per square foot, an increase of 1.3 per cent over the average price of HK$15,881 offered when the project was launched late last… Source link

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China 

China presses on with interest in UK’s high speed rail project with high level meeting in Beijing

China is pressing ahead with its interest in the United Kingdom’s controversial HS2 project, the largest high speed rail project in Europe, despite growing concerns over its cost and economic benefits.Members of China’s government and biggest state-owned railway companies met with HS2 chief executive Mark Thurston in Beijing earlier this month, signalling China’s interest in the £55.7 billion (US$72.9 billion) project, which will be funded by British taxpayers. China is bidding for construction… Source link

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Singapore 

Message asking for temporary staff for ‘election project’ is fake, warns Elections Department, Singapore News

SINGAPORE – The Elections Department (ELD) has said that a message circulating on WhatsApp offering temporary work in a “general election project” and asking for personal details is not an official notice. “The public is advised to exercise caution and not to provide their personal data without verification,” it added in a statement on Friday (April 12). The message says ELD is “hiring” 500 temporary staff for “the upcoming General Election Project” between September and October, with training in August. It asks interested parties to send their details such as…

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Vietnam 

Hải Dương eyes $39m garment project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Regent Garment Co has received approval in principle from Hải Dương People’s Committee to develop its third garment production factory in the locality, at a cost of US$39 million. — Photo baodautu.vn HẢI DƯƠNG — Regent Garment Co has received approval in principle from Hải Dương People’s Committee to develop its third garment production factory in the locality, at a cost of US$39 million. Located in Nguyên Giáp Industrial Complex in Tứ Kỳ District, the factory has designed capacity of 28 million products annually, creating 4,900 local jobs, online newspaper baodautu.vn reports.   Previously, the company – an affiliate of Hong Kong’s…

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Soho China wins libel case against Chinese blogger for claiming that its Zaha Hadid-designed Wangjing project is bad feng shui

Pan Shiyi, the founder of Soho China and an outspoken property developer with 20 million followers on his blog posts, has won a libel suit against a Chinese blogger who alleged that the bad feng shui in one of Soho’s projects is bad for tenants.Zhuhai Shengun Internet Technology, which operates a blog called “S. Shengunju. S”, was ordered by the Beijing Chaoyang District Court to apologise to Pan, and pay Soho 200,000 yuan (US$29,800) in compensation. The blog wrote that Pan’s Wangjing Soho… Source link

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Hong Kong developer Henderson sells 76 out of 100 units at Cheung Sha Wan project without offering discounts

Hong Kong developer Henderson Land sold 76 out of the 100 units on offer at The Addition, a new residential project in Cheung Sha Wan, on Tuesday, without offering a discount on the selling price.The apartments, ranging from 220-277 sq ft in size, sold at an average selling price of HK$21,055 (US$2,683) per square foot. Most units were going for between HK$5 million and HK$6 million. Most apartments sold on Tuesday, the first day of sales, were one and two-bedroom units.Interest in the property… Source link

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Vietnam 

Parkson kicks off renovation project for Parkson Saigon Tourist Plaza – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Parkson Vietnam will renovate its Parkson Saigon Tourist Plaza in HCM City’s District 1 starting this month in an aim to bring a different shopping experience for shoppers. According to the plan, construction will start at counters and be implemented floor by floor, under schedules corresponding to the designated zones. Parkson management said that its business partners had agreed on an appropriate business arrangement. During the renovation, the shopping centre will still be open partially for business in some designated…

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Vietnam 

Mikazuki Group commences resort project in Đà Nẵng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News ĐÀ NẴNG — Japan’s Mikazuki Group commenced construction of the Đà Nẵng-Mikazuki Japanese Spa and Resort project – the first five-start resort and entertaiment centre in Đà Nẵng Bay – at a ground-breaking ceremony on Wednesday. The project, which has been designed as a Japanese-style centre of resort and recreation, will cover 12.3ha with total investment of more than US$100 million, offering a 500-room resort, a hotspring and water park and an ecological garden area. It’s expected to open in 2021. General director of…

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Vietnam 

Investment information system project kicked off – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Components produced at South Korea-invested KEFICO Vietnam Company Limited in Hải Dương Province. South Korea has pledged $5.5 million for Việt Nam to develop a national investment information system. – VNA/VNS Photo Mạnh Tú Viet Nam News HÀ NỘI — The Ministry of Planning and Investment (MPI) and the Korea International Cooperation Agency (KOICA) on Thursday held a ceremony to officially kick off a project for the development of a national investment information system for the private sector. Deputy Minister of Planning and Investment Vũ Đại Thắng said…

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