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    Property Tax Rally held at Montana State Capitol

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  • Retail
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    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

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    Why tackling 2 massive redevelopment projects in Muskegon makes perfect sense to Jon Rooks

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    DFS Opening the First World-Class, Seven-Star Luxury Retail and Entertainment Destination DFS Yalong Bay in Sanya, Hainan, China by 2026

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    3 Stocks Whose Dividends Look Safe Right Now

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  • Residential
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    Construction to renovate Archer School into affordable housing ramps up

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    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    HUD Announces Over $30 Million to Combat Housing Discrimination Nationwide

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    LA Housing Department Proposes Increasing Residential Hotel Enforcement — ProPublica

    Annexation for south entrance property before Whitefish Council

    Annexation for south entrance property before Whitefish Council

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Overall private residential property prices remained broadly flat amid lower sale transaction volume in 3Q2023

    Affordable Housing Planned For Boston’s Seaport

    Affordable Housing Planned For Boston’s Seaport

    New York trial to set Trump damages after judge finds real estate fraud

    New York trial to set Trump damages after judge finds real estate fraud

    Invest in Your Future – Scotsman Guide

    Invest in Your Future – Scotsman Guide

  • Office
    Apartments, retail and more proposed for old Cooper Stadium property

    Apartments, retail and more proposed for old Cooper Stadium property

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    KERA Sells Property Near Uptown Dallas, Making Way for New … – CoStar Group

    US office prices headed for ‘severe crash,’ investors say

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    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    Taking a closer look | News, Sports, Jobs

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    Severe crash coming for US office properties, investors say

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    What $250M Brickell Office Sale Means

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    Dubai property: Office rents, occupancy levels to go up in near term – News

    Dubai property: Office rents, occupancy levels to go up in near term – News

    DA’s office investigating Michael Baxter & Associates

    DA’s office investigating Michael Baxter & Associates

  • Industrial
    Tuas Mega Port – driving warehouse demand in West Singapore

    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

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    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Australian Property Journal’s sales and leasing transactions wrap

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    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Industrial Tenants Flee Sydney High Rents, Space Shortages

    Public hearings Monday on Clarkesville budget, millage rate

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    Restaurant Real Estate: October 2023

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  • Hotel
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    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

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    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

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    England’s Slow-Motion Debt Crisis Rolls Into View

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  • Buying a Home
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  • Selling a Home
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    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

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  • Home
  • News
    Property Tax Rally held at Montana State Capitol

    Property Tax Rally held at Montana State Capitol

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    Aviva and Socius to develop £1bn south London cancer research hub | News

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    Property Forum Awards 2023 – Shortlist announced

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    International Real Estate Report Highlights Portugal’s Thriving ‘Property Hotspots’

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    Irwin Mitchell adds Keith Davidson to ESG practice | News

    Mitiska REIM raises €168 million | Property Forum

    Mitiska REIM raises €168 million | Property Forum

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    Cavalry Barracks developer goes into administration | News

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    Warehouse supply in Poland hits all-time high | Property Forum

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    Back at peak levels: House prices rebound after a rapid decline

  • Retail
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    Best years ahead for Hong Kong retail industry as patience needed for post-Covid recovery, Wharf group says

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    Allsup’s in Waco; Stay Classy pauses; $344M in unclaimed property; state tennis

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    Garbanzo Mediterranean Fresh inks 1,700 sq. ft. lease at ShopRite-anchored plaza in Delran

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  • Residential
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    Construction to renovate Archer School into affordable housing ramps up

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  • Office
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    US office prices headed for ‘severe crash,’ investors say

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

    CTO Realty Growth Announces Sale of Single Tenant Office Property in Reston, Virginia For $18.5 Million -October 02, 2023 at 07:31 am EDT

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    Taking a closer look | News, Sports, Jobs

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    Severe crash coming for US office properties, investors say

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    What $250M Brickell Office Sale Means

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    Dubai property: Office rents, occupancy levels to go up in near term – News

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    DA’s office investigating Michael Baxter & Associates

  • Industrial
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    Tuas Mega Port – driving warehouse demand in West Singapore

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

    This Week’s Dallas-Fort Worth Deal Sheet (October 10, 2023)

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    2024 Pre-Roll Consultation Period is Underway

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

    Investment firm KKR sells $560 million of U.S. industrial real estate, including Lehigh Valley properties | Lehigh Valley Regional News

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    Australian Property Journal’s sales and leasing transactions wrap

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    Industrial Tenants Flee Sydney High Rents, Space Shortages

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    Public hearings Monday on Clarkesville budget, millage rate

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    $1.2b commercial, industrial, retail sales in year’s first half: CBRE overview

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    Restaurant Real Estate: October 2023

  • Hotel
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    Council hears more on Oasis sports complex

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    Diversified Trust Co Increases Holdings in DiamondRock Hospitality: A Promising Investment Opportunity in the Hospitality Industry

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    ‘Overlooked’ Kilmarnock and Irvine set to receive ‘surprise’ £20m cash injection from UK Government

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    Paving the Way for Sustainable African Development

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    Check in for a greener future at Holiday Inn Express Newcastle | Newcastle Herald

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    Bexhill and Hastings among towns set to receive £20 million of long term investment

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    Sunrise host Edwina Bartholomew reveals her little-known side hustle with her husband Neil Varcoe

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    Chameleone, Bebe Cool too old for music battles, opines Tuff B

  • Buying a Home
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    Should I rent or buy a home? How to weigh your options – NBC 6 South Florida

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    Consumer Corner: Should I rent or buy a home? – NBC 6 South Florida

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    How buying a new home can save you capital gains tax on shares, MF

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Couple buys UFO-shaped house in DeWitt Township, will document renovations on TikTok

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    Seaside haven votes to ban wealthy Londoners from buying holiday lets amid demands they face TRIPLE council tax…but local firms say they need tourists to survive

    How to buy a video doorbell

    How to buy a video doorbell

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Patrick Kielty and Cat Deeley buy £5 million home in London next to Harry Styles

    Most expensive villages to buy a home in Suffolk revealed

    Most expensive villages to buy a home in Suffolk revealed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

    31 Mistakes First-Time Homeowners Will Never Repeat – BuzzFeed

  • Selling a Home
    Australian grandmother scammed out of $750,000 after selling her family home

    Australian grandmother scammed out of $750,000 after selling her family home

    You can buy an 8x18ft tiny home on the beach for only $45,500

    You can buy an 8x18ft tiny home on the beach for only $45,500

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

    Grandma scammed out of nearly $480K after selling family home in fraud scheme

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    Grandmother scammed out of $750,000

    Home battery owners earned up to £26 in trial for selling power to the grid

    Home battery owners earned up to £26 in trial for selling power to the grid

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    James Packer mansion: Billionaire selling LA home for $132 million – 9News

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Liam McCallum family sell up home and take memories of their miracle boy with them

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Texas couple arrested for selling exotic cubs and violating the Big Cat Act, authorities say

    Land Bank board members need to show up and do their job

    Land Bank board members need to show up and do their job

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Henderson Land targets bigger role in tackling Hong Kong’s housing problem

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2022-07-25
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Henderson Land targets bigger role in tackling Hong Kong’s housing problem
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HONG KONG, July 25 (Reuters) – Henderson Land Development Co (0012.HK), one of Hong Kong’s four major developers, plans to lend more land to the government to build transitional homes and is keen to help accelerate development of an area close to the Chinese border.

Martin Lee, co-chairman of Henderson – which has the largest farmland reserves among developers – said Hong Kong’s pledge to build the “Northern Metropolis” is an “inevitable trend”, as the financial hub integrates deeper with the Greater Bay Area (GBA).

“With the development opportunities in the Greater Bay Area, many locals will be attracted to live in the North West New Territories in the future,” Lee told Reuters in an email interview.

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The Hong Kong government unveiled plans for the Northern Metropolis last year, with an aim to provide homes for around 2.5 million people in remote districts close to the mainland border in a bid to ease a chronic housing shortage. read more

The development will be a stone’s throw from the Greater Bay Area, a Chinese government scheme to link Hong Kong, Macau and nine cities in the southern Chinese province of Guangdong.

Affordable housing has been a priority for all of Hong Kong’s leaders since the city returned to Chinese rule in 1997 but despite their efforts, many people still live in cramped flats in one of the world’s most expensive property markets.

Hong Kong’s new leader, John Lee, said he would be “pragmatic” in increasing land and housing supply, responding to Chinese President Xi Jinping’s recent call to provide “a better life, a bigger flat” for Hong Kong people.

Beijing identified housing woes as a major factor behind discontent in Hong Kong, especially among the city’s youth, that led to the pro-democracy, anti-government protests in 2019.

In recent years, developers have stepped up support for Hong Kong’s housing policies as China urged corporations to do more for society. read more

Henderson owns the most land in the rural areas. It has applied to a government pilot scheme to build public housing on a farmland plot, and lent idle land to the government for building transitional housing – a temporary solution for people to improve their living conditions before they are allotted public housing.

“If the government intends to take back the land for the construction of public housing or for other public purposes, we will also cooperate,” said Lee, who took over the property giant with his brother from father Lee Shau Kee in 2019.

INTERNATIONAL FINANCIAL HUB

Echoing calls by other business leaders, Lee, 51, urged the government to reopen Hong Kong’s borders with the mainland and ease international travel restrictions, which he said would help boost the city’s property market.

Henderson aims to become the largest office landlord in the city’s main financial district of Central as it invests $8 billion in a harbourfront site and completes the construction of its new tower, The Henderson, in 2023.

The Henderson, designed by Zaha Hadid Architects and in the form of a Bauhinia bud – the city flower of Hong Kong – recently confirmed a 20,000 square feet lease with U.S. private equity firm Carlyle Group (CG.O), Lee told Reuters.

Carlyle declined to comment on the office lease or give details about its current Hong Kong office space. A person with knowledge said, however, the move will be an expansion for the U.S. firm.

Last year, British auction house Christie’s became The Henderson’s first anchor tenant, leasing 30,000 square feet. read more .

“It shows that these multinational groups have cast a vote of confidence in the long-term future of Hong Kong as an international financial centre,” said Lee, adding there is still strong demand for high-quality commercial buildings despite a slump in the office market amid the pandemic.

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Reporting by Clare Jim; Editing by Anne Marie Roantree and Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.



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