By Clare Jim HONG KONG (Reuters) - Henderson Land Development Co, one of Hong Kong's four major developers, plans to lend more land to the government .
Henderson Land Development Co, 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
One Hong Kong developer is offering half-price flats in the world’s most expensive residential market. Others have donated sprawling farmlands for public housing. And the scion of a property empire says it is time to put the city’s betterment above profits.
Two years after street demonstrations rocked Hong Kong and Chinese authorities pointed a finger of blame at sky-high home prices, the city’s tycoon developers are under pressure to help ease its housing crisis. Asia’s pre-eminent financial hub is not just expensive, it is also one of the world’s most densely populated, squeezing most of its 7.5 million dwellers into tiny
Sun Hung Kai Properties sold 100 of the first batch of 130 small units on offer at Kennedy 38, a joint venture with Henderson Land and Wheelock Properties.