Sino Land, Great Eagle Win Hong Kong Land Bid for HK$1.61 Billion

Edgen Stock·Jan 07 2026, 12:58

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Key Takeaways

A joint venture between Sino Land and Great Eagle Holdings secured a prime residential site in Hong Kong's Jordan Valley for HK$1.61 billion. The acquisition serves as a strong vote of confidence in the city's property market, specifically targeting the growth potential of East Kowloon.

The partnership won the tender for the Choi Hing Road plot with a HK$1.61 billion bid.
The site is located in East Kowloon, a strategic area slated for major transport infrastructure upgrades.
The developers explicitly stated the move reflects their long-term confidence in Hong Kong's economic recovery.

Sino Land and Great Eagle Secure Jordan Valley Plot for HK$1.61 Billion

A joint venture between Sino Land and Great Eagle Holdings has won the tender for a residential land plot in Hong Kong for HK$1.61 billion. The partnership, named Kwan Wai Limited, secured New Kowloon Inland Lot No. 6674, located on Choi Hing Road in Jordan Valley. The acquisition marks a significant investment by the two major developers, signaling a bullish outlook on the local property sector.

Investment Signals Bet on East Kowloon's Growth

The strategic location of the land parcel is central to the investment's rationale. Positioned in the developing East Kowloon axis, the site offers excellent connectivity, being near the MTR Choi Hung station. Its value is further enhanced by the government's plan to launch a tender for the "East Kowloon Smart Green Mass Transit System" within the year, a project expected to significantly improve regional transportation. This purchase demonstrates the developers' belief in the area's substantial growth potential.

Sino Land's leadership framed the deal as a definitive statement of belief in the city's future, capitalizing on supportive government policies and an economic rebound. The company confirmed its commitment to identifying high-potential opportunities to expand its land reserves.

In light of the strong support from the central government and the favorable policies of the HKSAR government, Hong Kong's economy is showing signs of a full recovery, and the group is full of confidence in the long-term development of Hong Kong.

— Robert Ng, Chairman of Sino Land

According to Executive Director Victor Tin, the company plans to develop a premium residential project on the site, integrating innovative technology, smart home designs, and intelligent clubhouse facilities to create a modern and sustainable living experience for future residents.