China Vanke Buys Site in Hong Kong’s North Point for HK$580M
Shenzhen-based Vanke Property arm recently picked up US$74 million site in Hong Kong’s North Point neighborhood. The site was owned by a private company controlled by Alexander Law Sau Wang, who is linked with Hong Kong developer Yu Tai Hing.
Vanke has been active in the Hong Kong property sector, with Vanke previously working with New World Development in 2013 on a successful bid for a waterfront site near Tsuen Wan West Station.
Additionally, Vanke was also successful with the Le Pont in Hong Kong, the company’s first wholly-owned Hong Kong residential development.