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Hong Kong’s Kerry Properties secures Shau Kei Wan residential plot for US$177 million

South China Morning Post Economic ImpactNews ReportEN 1 min read 100% complete by Cheryl ArcibalFebruary 16, 2026 at 10:00 AM
Hong Kong’s Kerry Properties secures Shau Kei Wan residential plot for US$177 million
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AI Summary

short article 1 min

Kerry Properties, a Hong Kong-based developer, has secured a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million). The tender, awarded by the Lands Department on Monday, attracted significant interest from both mainland Chinese and local developers, with Kerry Properties outbidding seven competitors. The 1,349-square-meter parcel, granted for 50 years, is expected to yield over 130,000 sq ft of gross floor area, accommodating approximately 300 residential units. Kerry Properties cited the site's strong transport links, lifestyle amenities, and limited new residential supply in the area as key benefits. The company expressed delight in securing the site for future residential development.

Article Analysis

Framing Angle
Economic Impact
Primary framing
Measured
Sensationalism
Factual
Fact vs Opinion
OpinionFactual
1
Sources Cited
Limited sources
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Key Claims (5)

AI-Extracted

We are delighted that Kerry Properties has successfully secured the site at Shau Kei Wan Main Street East.

quote — Calvin Tong, director and general manager for Hong Kong at Kerry Properties100% confidence

The plot is 1,349-square-metre (14,523 sq ft).

factual100% confidence

Kerry Properties has won a tender for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million).

factual100% confidence

The plot was expected to provide a total gross floor area of over 130,000 sq ft, yielding around 300 residential units.

statistic90% confidence

The site benefits from strong transport connectivity, comprehensive lifestyle facilities and a limited supply of new residential developments in the area.

quote — Calvin Tong, director and general manager for Hong Kong at Kerry Properties80% confidence
Claims are automatically extracted and should be independently verified. Attribution indicates the stated source of the claim.

Key Entities & Roles

Key Player Opposition Context
Lands Department 50% Mainland China 60% Shau Kei Wan ×380% Hong Kong ×485% Kerry Properties ×490%

Keywords

residential plot 90% kerry properties 80% shau kei wan 70% housing market 60% land tender 60% hong kong 50% residential units 50% property development 50% bidding interest 40%

Sentiment Analysis

Positive
Score: 0.20

Source Transparency

Source
South China Morning Post
Article Type
News Report
Classification Confidence
90%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis.

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residential plotkerry propertiesshau kei wanhousing marketland tenderhong kongresidential unitsproperty developmentbidding interest
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