Asia Pacific real estate investment news and information
Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.
Hong Kong’s second-largest developer… Read More>>
Brookfield has agreed to acquire industrial assets in Hong Kong’s New Territories from Hanison Construction for HK$211.3 million ($26.9 million), following closely behind the Canadian asset management giant’s under-the-radar purchase of local self-storage operator RedBox.
The assets comprise workshops 1… Read More>>
Hongkong Land has welcomed a former tenant back to its Central office portfolio after 15 years, announcing that global law firm White & Case had taken up three floors at York House, the developer’s Grade A office tower at 15… Read More>>
Phoenix Property Investors is suing WeWork for abandoning a 10 year commitment to its flagship location in Causeway Bay, with the Hong Kong private equity shop said to be demanding payment of about HK$242 million ($30.8 million) on the alleged… Read More>>
The Hong Kong government withdrew the tender for a residential development site in the New Territories this week after no bid met the reserve price, marking the sixth cancellation out of more than 70 tender exercises for government land sales… Read More>>
Real estate investments in Hong Kong dropped 46 percent during the first quarter of 2022 but the challenges of falling asset values and sliding rents have not deterred New York-based real estate agency Newmark Group from opening an office in… Read More>>
Hysan Development and its partner Chinachem Group are turning to culture to boost the value of a HK$28 billion ($3.5 billion) commercial project they are developing in Hong Kong’s Causeway Bay area, according to a planning application submitted by the… Read More>>
Analysts at a top credit rating agency are predicting more tough times for China’s residential property market through mid-year, with little meaningful relief through 2023, after a wave of mainland developers reported dented sales for January through March.
“We expect… Read More>>
Weave Living on Tuesday announced the formation of a $200 million joint venture with a global institutional investor to acquire the 435-room Rosedale Hotel in Kowloon for HK$1.37 billion ($175.4 million), signalling a dramatic leap in scale for the residential… Read More>>
Hong Kong transit operator MTR Corporation this week unveiled plans to launch sales of about 5,700 homes in the city this year, despite residential transactions having touched a six-year low in the first quarter of 2022.
“We aim to launch… Read More>>
