In the redevelopment market in recent years, in addition to several URA redevelopment projects that have attracted attention recently, we cannot ignore some new players. Companies whose main business is in China (referred to as "Chinese-funded") have also begun to actively acquire old buildings in Hong Kong in recent years to play in the redevelopment market.
New players have emerged in the redevelopment market. It is foreseeable that more and more old buildings in urban areas will be sold by various developers. Encircling and hoarding, the living space of the grassroots and tenants in the old area industry email list will naturally become less and less. In general, over the past 10 years, there have been 38 media reports on the acquisition of old buildings in downtown Hong Kong by Chinese-funded/internal real estate developers, and the number of old buildings involved in the acquisition is at least 90, involving Chinese-funded redevelopment projects.
At least 25 strong auction applications have been submitted, accounting for nearly 10% of the more than 300 strong auction applications in ten years. The locations of Chinese-funded acquisitions are scattered in the old districts: Vanke: 71-79 Ding Fu Street, Ngau Tau Kok, 45-63 Ding Fu Street, 221-233 Yi Kuk Street, Sham Shui Po, 244-276 Hai Tan Street, 13 and 13A Liberty Road, Homantin, Sites 9-11 Liberty Road, (in cooperation with New World) 5-17 West Street, 62-68 Chun Yeung Street, North Point (35 buildings in total)