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Chinachem

A view of the STTL 625 site in Sha Tin. Photo: Handout

Hong Kong property

Chinachem’s US$131 million bid wins subdued Hong Kong land tender

Developers will remain conservative in their bidding until they see stronger signs of recovery in the housing market, consultants say.

29 Oct 2024 - 8:00PM

Hong Kong property

Hong Kong property: Chinachem’s Cheung Sha Wan project sells out

27 Oct 2024 - 8:30PM

Hong Kong property

Big Hong Kong developers enter fray for Sha Tin land tender

25 Oct 2024 - 6:17PM

Hong Kong property

Hong Kong property developers lift prices as sentiment improves

Chinachem Group, the developer of Echo House, has raised the price of the second batch of 50 flats by about 4 per cent amid a surge in interest.

22 Oct 2024 - 10:02AM

An artist’s impression of the Echo House residential project in Cheung Sha Wan. Photo: Handout

Hong Kong property

Chinachem to sell Hong Kong flats at 2016 levels as recovery proves elusive

Developers still need to offer discounts as market purchasing power is still not sufficient, according to Martin Wong at Knight Frank.

15 Oct 2024 - 7:36PMvideocam

Hong Kong property

Chinachem’s Nina Hospitality aims to move up market, eyes overseas expansion

Nina’s managing director said it is looking at expanding on the mainland and overseas, while becoming an upscale hotel group in Hong Kong.

8 Sep 2024 - 5:00PM

Hong Kong property

NWD makes progress on cutting debt with repayments, refinancing

The group has received a bid of HK$9 billion for its K11 Art Mall in Tsim Sha Tsui from a subsidiary of China Resources Holdings, according to a local media report.

30 Aug 2024 - 10:03AM

Hong Kong-listed New World Development said it had completed more than HK$16 billion of loan arrangements and debt repayments in July and August. Photo: Shutterstock

Business of climate change

Hong Kong builder Chinachem launches window coating to cut construction waste

Developed with the Nano and Advanced Materials Institute, the reusable coating aims to address losses of up to 30 per cent for windows during construction.

2 Jul 2024 - 9:06PM

Hong Kong property

New World touts US$4.5 bn in loans, debt payments as proof of health

Company says it has secured multiple low-cost new loans to replenish its liquidity and increase the proportion of yuan loans as it seeks to control financing costs.

24 Jun 2024 - 10:24PMvideocam

Hong Kong property

Hong Kong developer Chinachem names new CEO as Donald Choi sets retirement

Andy Cheung has been an independent non-executive director since 2022 and before that was an executive with Link Reit.

31 May 2024 - 1:30PM

Donald Choi Wun-hing, CEO of Chinachem Group, speaks an event in Admiralty on June 29, 2023. Photo: Xiaomei Chen

Hong Kong property

Hong Kong homebuyers snap up all flats at Great Eagle’s Onmantin project

All 260 flats on offer at Onmantin were already on Saturday after the project received 7,500 orders from prospective buyers.

28 Apr 2024 - 5:08PM

Prospective buyers queue up at the Mong Kok sales office of Great Eagle Holdings’ Onmantin residential project on April 27, 2024. Photo: Xiaomei Chen

Hong Kong property

New World sells Hong Kong mall in Tsuen Wan to Chinachem for US$510 million

New World Development has agreed to sell its shopping centre and parking spaces in Tsuen Wan to Chinachem Group for US$510 million, speeding up asset sales to trim its financing costs.

1 Mar 2024 - 4:39PMvideocam

Hong Kong property

Hong Kong CEOs to focus on finances, sustainability in 2024 amid property stress

CEOs of major landlords and developers in Hong Kong say priorities for 2024 include offering tenants new, sustainable services and diversifying portfolios.

1 Jan 2024 - 12:33PM

Hong Kong society

Hong Kong to get real-life taste of Jurassic Park at new Science Museum gallery

Massive woolly mammoth skeleton is star attraction in permanent gallery devoted to prehistoric creatures.

15 Sep 2023 - 1:58PM

The skeleton of a flesh-eating Deinonychus, one of only three discovered, at a preview of the “Extinction, Resilience” exhibition at the new palaeontology gallery at the Hong Kong Science Museum. Photo: May Tse

Weekend Property

Hong Kong’s homebuyers return to market, snap up Ho Man Tin flats

Historically high lending rates did not deter buyers from purchasing more than half the available flats at the In One Above project by Chinachem Properties and MTR Corporation on Sunday.

21 May 2023 - 6:00PM

People queue up in Tsuen Wan West to buy units of the In One Above development in Ho Man Tin on May 21, 2023. Photo: Xiaomei Chen

Hong Kong property

Hong Kong to face shortage of 60,000 residences for the elderly by 2032: JLL

With Hong Kong set to face a shortage of over 60,000 residences for the elderly by 2032, the government needs to create enough accommodation to defuse the ‘huge social problem’, according to JLL’s Wendy Chan.

18 May 2023 - 2:14PMvideocam

Hong Kong property

Hong Kong’s homebuyers return after banks kept rates steady

The long queues were a welcomed sight for Hong Kong’s developers and agents, as rising rates combined with the Covid-19 pandemic to knock the city’s property bull market off its footing.

25 Mar 2023 - 9:26PM

Hong Kong national security law

Hong Kong developers dismiss fears over national security clauses in land documents

Land tender documents found to have clauses to warn potential buyers of disqualification for national security breaches

14 Feb 2023 - 11:02AM

An area ripe for development at Sai Yee Street and Argyle Street in Mong Kok. Photo: Edmond So

Business of climate change

CLP, Chinachem tout Hong Kong’s first ‘zero-carbon’ air-conditioning system

CLP will upgrade the air-conditioning system at Chinachem’s Nina Tower complex to a water-cooled, AI-controlled system, and a CLP wind farm in southwest China will offset its carbon footprint.

13 Feb 2023 - 9:30AMvideocam

Hong Kong property

Hong Kong builder pitches green, smart cachet to sell in wetland

Ecological conservation and smart technologies have helped Sun Hung Kai Properties sell more than 1,650 homes near Hong Kong’s Mai Po wetlands and generate over US$1.5 billion in revenue.

27 Jan 2023 - 8:30AMvideocam

Hong Kong property

Hysan earmarks US$256 million to upgrade Lee Gardens into ‘home of luxury’

Hysan Development will spend HK$2 billion (US$256.2 million) to upgrade its Lee Gardens commercial portfolio in Hong Kong’s Causeway Bay and turn it into a one-stop luxury shopping destination.

28 Dec 2022 - 7:30AM

An artist’s impression of Hysan Development’s proposed upgrade to its HK$90 billion Lee Gardens portfolio in Hong Kong’s Causeway Bay. Photo: Handout

Chinachem Sustainability Conference

Chinachem conference explores sustainable development in the community

The annual sustainability conference brought together heavyweight speakers and more than 1,700 attendees to explore how public and private sectors can collaborate on decarbonisation.

1 Nov 2022 - 11:57AM

Chinachem Group organised the Chinachem Group Sustainability Conference, a hybrid event that attracted more than 1,700 participants, of which about 500 attended in person. Photo: Chinachem Group

Hong Kong courts

Hong Kong court rules foundation not essential in distributing Nina Wang’s wealth

Judge says persons supervising vast estate must be ‘fit and proper’ for task, stressing charitable purposes took precedence and foundation is merely conduit.

21 Oct 2022 - 10:51PM

International Property

Hong Kong’s Chinachem buys TikTok’s London office for US$182 million

Hong Kong-based property firm Chinachem Group has bought the office building in London being leased by popular short video app TikTok for £158.5 million (US$182 million).

8 Sep 2022 - 6:30PMvideocam

Hong Kong property

Hong Kong developers step up to build homes for empty nesters

Hongkongers are living longer than ever before, exerting an increasing burden on the government as the expenditure on elderly services surged 82 per cent in the 12 months ending on March 31, 2023.

25 Jun 2022 - 11:37PM

Hong Kong property

Hong Kong analysts slash forecasts in home prices as Covid-19 bites

Property developers, who usually conduct their sales campaigns on weekends, have deferred the launch of new projects until the second quarter, when the current Covid-19 outbreak is expected to recede.

14 Mar 2022 - 12:09PMvideocam

Quiet in Central under the fifth wave of coronavirus outbreak on 21 February 2022. Photo: Sam Tsang

Hong Kong property

Hong Kong developers put their faith in technology to cut human error

Major developers plan to replace some manual operations with technology to reduce human error and ensure safety and build quality after The Pavilia Farm fiasco.

27 Jul 2021 - 7:38PMvideocam

Hong Kong culture

Opinion | Can Central Market escape becoming ‘just another shopping mall’?

While commerce and responsible design are not necessarily incompatible, unlike other revitalisation projects in the area, Central Market will be operated by the Urban Renewal Authority and a private developer. Will they be able to resist the purely profit motive?

25 Feb 2021 - 11:17AMvideocam

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Chinachem

The latest news, analysis and opinion on Chinachem. In-depth analysis, industry insights and expert opinion.

Chairman / President

Nina Kung

CEO / Managing Director

Donald Choi

CFO / Finance Director

Ricky Tsang

Industry

Conglomerate

Website

chinachemgroup.hk

Headquarters address

35-38/F, Nina Tower 2, No.8 Yeung Uk Road, Tsuen Wan, Hong Kong

Year founded

before 1960s

last updated:

30 September, 2024