Henderson Land Development

Henderson Land Development is a major real estate developer based in Hong Kong. The company is newsworthy due to its participation in a recent tender for a residential plot in Ngau Tau Kok, Kowloon East. The tender, which attracted nine bids, highlights the brightening outlook for Hong Kong's housing market. While Henderson Land Development submitted a bid, the plot was ultimately won by China Overseas Land & Investment, a mainland Chinese developer, with a bid of HK$1.8 billion (US$230 million). This event underscores the competitive nature of Hong Kong's real estate market and the continued interest from both local and mainland developers in acquiring land for residential development. The high level of interest in the Kowloon East site suggests confidence in the future of Hong Kong's property sector.