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A HK$10 billion property development venture in the city’s Northern Metropolis indicated Beijing-controlled China Resources Land’s support for Hong Kong’s economic development, the chief of the state-backed company said.
Hong Kong's New World Development and Chinese state-backed China Resources Land said they will jointly build a $1.3 billion housing project in the financial city's "Northern Metropolis" next year. In a joint statement on Wednesday, the two developers said the project will create around 1,800 homes in the Hong Kong government-led property development on the border with China. The project has an estimated market valuation of HK$10 billion ($1.28 billion), a source close to the companies said.
New World Development Co. is partnering with Chinese state-owned developer China Resources Land Ltd. to build a residential project in Hong ...
Wallis Wang New World Development is partnering with state-owned developer China Resources Land to build about 1,800 homes in Yuen Long unde...
The state-controlled conglomerate joined forces with Hong Kong’s New World Development on a venture worth US$1.28 billion in the city’s Northern Metropolis mega project, according to sources familiar with the matter.