Analysts expect no sale of hotel sites under Reserve List in Q3
PROPERTY watchers say they do not expect to see any sale of the hotel sites under the Reserve List during the coming quarter, because of the current cautious sentiment in the market. Under the Government Land Sales programme for the second half of the year announced on Thursday, 10 hotel sites were up for sale … Read more
Firm pays $83m to top up Concourse lease
The authorities have permitted a property investment and development firm to pay $83 million to top up a lease on a redevelopment site to 99 years, from the 71 years it had left. The firm, Hong Fok Corporation, aims to redevelop part of The Concourse on Beach Road as a residential project with a sweeping … Read more
