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AdvertisementHong Kong propertyBusinessHong Kong’s Kerry Properties secures Shau Kei Wan residential plot for US$177 millionKerry beat seven bidders for the rights to develop a residential project on the 1,349-square-metre parcel in the Eastern district
Reading Time:2 minutesWhy you can trust SCMPCheryl ArcibalPublished: 5:00pm, 16 Feb 2026Hong Kong-based Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), which drew heavy bidding interest from both mainland Chinese and local developers.Kerry beat seven other bidders for a 50-year grant for the 1,349-square-metre (14,523 sq ft) parcel in the Eastern district, the Lands Department said on Monday.
The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units, according to Kerry.
Advertisement“We are delighted that Kerry Properties has successfully secured the site at Shau Kei Wan Main Street East,” said Calvin Tong, directo..

AdvertisementIndiaThis Week in AsiaEconomicsIndia-Europe trade corridor gathers pace as Modi, Macron pledge port partnershipThe India–Middle East–Europe Economic Corridor is seen as an alternative to China’s Belt and Road Initiative
Reading Time:3 minutesWhy you can trust SCMPBiman MukherjiPublished: 5:00pm, 19 Feb 2026Updated: 5:38pm, 19 Feb 2026India and France have agreed to strengthen links between two of their largest ports and others, giving fresh momentum for a proposed commercial corridor stretching from South Asia to Europe that analysts say could rival China’s Belt and Road Initiative.The agreement between India’s Adani Ports and France’s Port of Marseille Fos marks a key step towards realising the India-Middle East-Europe Economic Corridor (IMEC).
The memorandum of understanding, signed on Wednesday, calls for the creation of an “IMEC Ports Club” to coordinate key ports along the corridor and strengthen trade connectivity between India and the European Union.AdvertisementFir..

AdvertisementHong Kong economyHong KongSocietyMainland Chinese firm to build Northern Metropolis data cluster facilityRange Intelligent Computing Technology to commence operations in 42 months, with a cumulative investment of HK$23.8 billion over the first three years
Reading Time:2 minutesWhy you can trust SCMPEmily HungPublished: 7:03pm, 2 Mar 2026A mainland Chinese firm has secured the tender to build a data cluster facility in Hong Kong’s Northern Metropolis as the sole bidder, agreeing to pay a premium of HK$581 million (US$74.25 million) and boost the city’s computing power 36-fold.
Unveiling details of the plan on Monday, Secretary for Innovation, Technology and Industry Sun Dong said the winning bidder was Range Intelligent Computing Technology, whose parent company, Shenzhen-listed Runze Technology Group, specialises in developing and operating high-end data facilities on the mainland.
On a land grant of 50 years at Sandy Ridge in the Northern Metropolis megaproject, the winni..