The Kwok family trust, which controls Sun Hung Kai Properties Ltd., has agreed to pay about HK$800 million ($103 million) in land premiums to the Hong Kong government to turn a building site in the city’s Island South district into a luxury housing project, Ming Pao reported, citing people it didn’t identify.
Sun Hung Kai Properties Ltd., Hong Kong’s biggest developer by value, bought a building site for less than analysts’ estimates, underscoring concerns that rising supply and slowing global growth may crimp home prices.
Swire Properties Ltd., landlord to Time Warner Inc. and Societe Generale in Hong Kong, seeks to raise as much as HK$20.8 billion ($2.7 billion) in what would be the city’s largest initial public offering since 2007.
Euan Nisbet , a University of London earth sciences professor who has traveled the world testing the air for greenhouse-gas pollution, makes his way to a rocky outcropping on the eastern coast of Hong Kong Island on a sunny November afternoon. He takes out a battery-operated pump connected to a thin tube and a plastic bag to capture traces of the wind.