Homiya's ST. GEORGE'S MANSIONS records three transactions in two weeks, with the total project value nearing HKD 11.3 billion.

ST. GEORGE'S MANSIONS, a luxury development in Kadoorie Hill, Ho Man Tin, jointly developed by Sun Hung Kai Properties (00083.HK) and CLP Holdings (00002.HK), sold unit 1C on the first floor of Block 1 today (19th). The saleable area is 764 square feet, with a transaction price of HK$22.47 million, equivalent to HK$29,411 per square foot. This marks the third transaction within two weeks. According to reports, many buyers of the project are prominent families making bulk purchases, while others are investors optimistic about the rental returns in Kadoorie Hill. Market sources indicate that the average monthly rent for standard units is approximately HK$85 per square foot, with some reaching as high as HK$93. To date, a total of 146 units have been sold, accounting for over 80% of the total number of units available.

AASTOCKSJan 19 16:39

CLP Holdings Stock Advances 1.1% in Hong Kong

Dow JonesJan 15 16:33

Blackrock Investor Survey: Continue Betting on AI in 2026, but Invest in Power, Not Tech!

On Tuesday, Eastern Time, Blackrock, the world's largest asset management company, stated that although global investors remain optimistic about the investment prospects of artificial intelligence over the next year, they will focus their investments on broader opportunities. According to Blackrock’s 'Investment Directions' report, a recent investor survey conducted by the company revealed that investors intend to continue betting on the artificial intelligence theme through 2026, but with a greater emphasis on energy and infrastructure suppliers rather than large technology companies that experienced significant gains in the past two years.

cls.cnJan 13 18:28

ST. GEORGE'S MANSIONS two-bedroom unit sold for HKD 21.85 million, with the entire project generating nearly HKD 11.3 billion in sales.

Luxury new-build properties in urban areas continue to attract strong demand. The upscale residential project ST. GEORGE'S MANSIONS, developed jointly by Sino Land (00083.HK) and CLP Holdings (00002.HK) in the Kadoorie Avenue area of Ho Man Tin, has recorded another transaction recently. The latest deal involves Unit C on the 5th floor of Block 2, a two-bedroom apartment with a usable area of 764 square feet, sold for HKD 21.85 million, translating to approximately HKD 28,599 per square foot. According to market sources, the average rental for standard units in the development is about HKD 85 per square foot, with a high of HKD 93 per square foot. ST. GEORGE'S MANSIONS has been available on the market since its launch in 2020.

AASTOCKSJan 9 16:55

Electrical and Mechanical Services Department: CLP's number of major power outages halved last year, with 43 improvement recommendations proposed.

The Electrical and Mechanical Services Department released a report on the review of CLP Power's (00002.HK) electricity supply system. The review comprehensively analyzed the causes of all power supply interruptions and voltage dips that occurred in CLP Power’s network from 2021 to June 2024. It also proposed five action objectives targeting the current state of CLP Power’s electricity supply system, formulating 11 strategic initiatives and presenting a total of 43 improvement recommendations. The authorities noted that CLP Power has already begun implementing some improvement measures during the course of the review, including using the intelligent management system Grid-V to detect environmental hazards near power supply equipment, installing lightning protection devices, and enhancing critical substations.

AASTOCKSJan 2 16:51

CLP Holdings Updates Connected Power Sales Deals With China Southern Power Grid

TipRanksJan 2 07:39