Luxury sites land attention as Hong Kong sells four plots

Article Abstract:

Four prime development sites attracted much of the attention at the Aug 1999 Hong Kong government land auction. Most of the bids for the four choice plots came from small real estate developers eager to invest in safe luxury properties that are targeted at Hong Kong's wealthy set. The winning bidders were Hanvon Development Ltd for the plot on the Peak, USI Holdings Ltd and K Wah International Holdings for the plots at Castle Peak, and Glory Treasure Properties Ltd for the plot on Cheung Chau island.

Land Subdivision and Land Development, New orders received, Housing Developers, Prices and rates, Real property

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CSFB buys 23% of Bangkok rail project, sparking battle

Article Abstract:

Credit Suisse First Boston (Hong Kong) Ltd. bought almost 25% of the stock of Bangkok Mass Transit System (BTSC) at an auction which was held even after BTSC principal shareholder Keeree Kanjanapas tried to block the event. Credit Suisse is thought to be planning to take over more of the company, but by law the transit system must be at least 50% owned by Thai shareholders at the time it beings operations.

Acquisitions & mergers, Thailand, Rail Mass Transit, Urban Transit Systems, Parent-to-subsidiary activities, Local and suburban transit, Management, Investments, Transportation industry, Tanayong Public Company Ltd., Bangkok Mass Transit System PLC, Keeree, Kanjanapas, Credit Suisse First Boston (Hong Kong) Ltd.

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Big developers skip auction

Article Abstract:

Hong Kong's land sale deals have proved disappointing as larger property developers have shown little interest. High opening bids and a large supply of future available land are cited as factors.

Contracts & orders received, Statistical Data Included

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