Bloomberg HNA Group Co., the debt-laden Chinese conglomerate on a selling spree, agreed to dispose of its last plot of land near Hong Kong’s former Kai Tak airport, ending ambitions for a massive residential project in the world’s most expensive property market. A unit of Wheelock & Co. agreed to buy the land from HNA’s Hong Kong International Construction Investment ...

Bloomberg Indonesia postponed construction of second phase of Jakarta’s Mass Rapid Transit (MRT) project because of a land-use issue, the Jakarta Post reported. The company delayed the ground breaking of the project, that was originally scheduled in January, because the State Secretariat has yet to issue a land-use permit for Medan Merdeka, the area near the Presidential Palace, Sabandar said. The ...

Bloomberg Hong Kong’s limited supply of land has forced it to look at unusual and costly options to address a chronic homes shortage in the world’s least affordable housing market. One of the ideas the government is considering is to build four artificial islands in its central waters. This would cost HK$500 billion ($63.7 billion), the South China Morning Post ...