Market Chatter: Fosun International Begins Construction at HK$10 Billion Clear Water Bay Project

MT Newswires Live06-30

Fosun International (HKG:0656) has begun construction of its first residential project in Hong Kong's Clear Water Bay, according to a report by The Standard on Monday.

Under the project, which involves an investment of over HK$10 billion, the company plans to launch over 800 residential units as early as late next year.

The first phase is scheduled to be completed by 2030, while presales are targeted to begin between late next year and early 2028.

Fosun International did not immediately respond to MT Newswires' queries.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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