Hong Kong Developers Consider $6 Billion Debt for Housing Project
- Henderson Land-led group seeks funding for Yau Tong Bay site
- Largest mixed-use development since handover: Knight Frank
This article is for subscribers only.
A consortium of Hong Kong property firms led by Henderson Land Development Co. is in talks with banks to raise about HK$46 billion ($5.9 billion) via bonds and loans to fund a residential project in the city’s Yau Tong Bay, according to people familiar with the matter.
The group also includes Wheelock & Co., New World Development Co., Sun Hung Kai Properties Ltd., Hang Lung Properties Ltd. and Central Development Ltd., and funding is expected to be available next June, said the people, who aren’t authorized to speak publicly and asked not to be identified. No final decisions regarding the transaction have been made, they said.