〈The Standard, Aug 1, 2026〉 China Overseas Land & Investment (0688) successfully bid for the Bailey Street / Chi Kiang Street Project in Hung Hom for HK$6.9 billion, the Urban Renewal Authority said on Friday. The URA said following a tender, it has decided to partner with Top Global Investment, a wholly-owned subsidiary of China Overseas Land & Investment, to develop the project.
The URA had earlier invited developers to submit tenders for the project. By the closing date of July 27, a total of seven bids were received.
The tender review panel under the URA Board evaluated the bids and recommended to the board that the project development contract be awarded to Top Global Investment, which the Board accepted.
〈Hong Kong Business, July 31, 2026〉Hongkong Land’s Singapore Central Private Real Estate Fund (SCPREF) has entered into a definitive agreement to acquire Wheelock Place on Orchard Road for approximately $1.1b (US$900m).
The property will be acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company Limited, according to a bourse filing.
The transaction is expected to be completed by the end of August. The purchase price is in line with a recent independent valuation.
〈The Standard, July 30, 2026〉Hong Kong’s potential private residential units drop below 100,000 for the first time in four years, with completed unsold stock and land reserves under construction declining, Ricacopr Properties said it indicates significant destocking progress by developers.
Hong Kong’s potential supply of private residential units over the next three to four years is estimated to fall to 96,000 units, according to the Housing Bureau's second-quarter figures as of the end of June.
〈Asian Post, July 29, 2026〉Hong Kong and Singapore are “natural partners” who have synergy to work together and take advantage of the windfall of investments moving east, a senior official from Hong Kong said.
“We can work closely together to make sure that the capital, the talent, the opportunities go in the right place in a high-quality manner, in a sustainable manner. That’s something that I think Singapore and Hong Kong should always work together on,” Nicholas Ho, Hong Kong’s commissioner for Belt and Road, told Singapore Business Review at the sidelines of the SCMP GBA Summit in July 2026.
〈RTHK News, July 28, 2026〉The United States saw slowing growth in the second quarter, the US Commerce Department said Thursday, with fallout from President Donald Trump's Iran war weighing on the world's largest economy.
GDP grew at a sluggish annualised rate of 1.5 percent in the second quarter, the Bureau of Economic Analysis said, missing analyst expectations of around 2.0 percent. It had grown by 2.1 percent in the previous quarter, BEA data showed.
"Compared to the first quarter, the deceleration in real GDP in the second quarter reflected a downturn in government spending and decelerations in investment and exports that were partly offset by an acceleration in consumer spending," the BEA said in a statement.
