Kerry Properties

Kerry Properties is a Hong Kong-based property developer. Recent news highlights their activity in the Hong Kong residential market. They are newsworthy due to their successful bid for a residential plot in Shau Kei Wan for HK$1.38 billion (US$177 million), demonstrating their continued investment in Hong Kong real estate. This acquisition, beating out seven other bidders, underscores their commitment to expanding their portfolio. The company's activity is also indirectly highlighted by the strong sales of new residential launches in Hong Kong, such as the La Mirabelle project, indicating a positive market sentiment despite economic uncertainties. Kerry Properties' active participation in land tenders and their potential to contribute to the housing supply makes them a significant player in the Hong Kong property landscape.