00173 Overview

Tender Announcement: The Lands Department of Hong Kong revealed that a site on Shau Kei Wan Main Street East received 8 tender documents from various developers, including K. WAH INT'L, CHI MER LAND, SINO LAND, and CHINA OVERSEAS.

Market Valuation: The estimated market valuation for the site ranges from approximately $790 million to $1.19 billion, with an accommodation value of about $5,300 to $8,000 per square foot.

Short Selling Data: The article provides short selling data for the participating developers, indicating varying levels of short selling activity and ratios, with China Overseas showing the highest short selling ratio at 41.807%.

Market Insights: UBS has commented on the valuation of Hong Kong homebuilders, suggesting that they are becoming expensive, and recommends stock selection favoring low debt, high dividends, and buyback themes.

Project Overview: The GRAND MAYFAIR series, co-developed by SINO LAND and others, is located at Kam Sheung Road Station and has seen significant sales activity.

Sales Performance: On a recent day, the project recorded cash inflows exceeding HKD70.38 million from the sale of various unit types, contributing to a total of 1,825 units sold and over HKD15.8 billion in cash inflow.

Kam Sheung Road Station Project: The GRAND MAYFAIR series, co-developed by SINO LAND, CHINA OVERSEAS, K. WAH INT'L, and MTR CORPORATION, logged 4 transactions on January 19, generating over HKD38.59 million in a single day.

Sales Performance: The GRAND MAYFAIR series has successfully sold 1,807 units, accumulating over HKD15.6 billion in total sales.

Sales Performance: KERRY PPT's Southside Phase 2 La Marina project in Wong Chuk Hang has sold 584 units, representing approximately 97% of the project, generating around HKD14.5 billion. Remaining units will be sold through tender.

Future Developments: KERRY PPT plans to launch three new projects this year, including Phase 4B of LA MONTAGNE, which will offer 368 units and is expected to be launched as completed units in the first half of 2026.

Collaborations: The upcoming projects involve collaborations with SINO LAND, SWIRE PROPERTIES, and MTR CORPORATION, indicating a strategic partnership approach in development.

Market Insights: Short selling data indicates varying levels of activity among the involved companies, with MTR CORPORATION showing the highest short selling ratio at 31.294%.

Tender Award Announcement: The Lands Department awarded the tender for New Kowloon Inland Lot No. 6674 to King Virtue Limited for a 50-year land grant at a premium of $1.61 billion, slightly above market estimates.

Site Details: The site, covering approximately 3,830 square meters, is designated for non-industrial purposes and will include facilities for mentally handicapped persons, to be constructed by the purchaser.

Bidding Competition: A total of 8 tender documents were submitted by various Hong Kong developers, including notable companies like CK ASSET, HENDERSON LAND, and KERRY PPT.

Market Outlook: Analysts from M Stanley predict an increase in Hong Kong home prices, office rents, and retail sales this year, favoring the residential property market.

Tender Announcement: The Lands Department of Hong Kong announced the closure of public tender for a residential site at Choi Hing Road, Jordan Valley, which received 8 tender submissions.

Participating Developers: Notable developers that submitted bids include CK ASSET, SINO LAND, HENDERSON LAND, and K. WAH INT'L, among others.

Stock Performance: The article mentions the stock performance of the participating developers, highlighting their respective price changes and short selling data.

Short Selling Data: The short selling data for the developers indicates varying levels of short selling activity, with Henderson Land showing the highest ratio at 45.820%.