The cost of shelter in Hong Kong continues to defy the laws of gravity, after new home prices in the city surged by 18 percent last quarter to the second-highest level since 1996. But while the ongoing housing boom in… Read More>>
Macau Casino Tycoon Stanley Ho Steps Down from SJM
Gaming and property tycoon Stanley Ho is joining the ranks of Hong Kong’s retired billionaires, after announcing that he will step down as chairman of Macau casino operator SJM Holdings.
The retirement of the 96-year-old magnate, who also founded property… Read More>>
New World to Build Hospitals with Tencent’s We Doctor and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, mainland tech giants continue to build partnerships with the region’s biggest builders, with New World Developments new deal to build hospitals in the mainland and Hong Kong with Tencent-backed online healthcare service provider… Read More>>
WeWork Buys China Co-Working Start Up naked Hub for Reported $400M
Global co-working giant WeWork is acquiring Shanghai-based naked Hub for a reported $400 million with the two parties issuing a joint statement today.
“China-born naked Hub and WeWork may come from vastly different backgrounds, but there is more that binds… Read More>>
Swire Tops Out South Island Place Office Tower in Hong Kong’s Wong Chuk Hang
Swire Properties is building a foothold in southern Hong Kong Island, as the blue-chip developer this week celebrated the topping out of South Island Place, its first office project in the gentrifying hub of Wong Chuk Hang.
The 28-storey, grade… Read More>>
Wang On Properties Wins Tsing Yi Site For HK$867M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, is the results of the latest government land auction, which resulted in a mid-sized developer winning a tiny residential site in Tsing Yi, the New Territories for HK$867 million. Also getting some ink,… Read More>>
Floor in 9 Queen’s Road Central Poised to Break Hong Kong Price Record
In a city known for its stratospheric real estate prices, an office space smaller than a sheet of A3 paper may now cost you more than $7,600. A floor in 9 Queen’s Road Central, an office tower in Hong Kong’s… Read More>>
New Home Prices Soar 18% in Q1 and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, last quarter offered no relief to the city’s home buyers as new flat prices surged to the second-highest level since a local agency began keeping records in 1996. Also in the headlines, a… Read More>>
Link REIT Mall Investor Sells Three Office Floors in Kowloon For $148M
A private investor who owns a portfolio of Link REIT shopping centres is reported to have sold three office floors in a Kowloon city residential and commercial complex for HK$1.16 billion ($148 million), according to local media accounts.
The third,… Read More>>
Evergrande Goes High Tech With $16B Plan for AI, Robotics and Life Science Deals
After failed attempts to sell Evergrande-branded cooking oil and bottled water, Chinese property tycoon Xu Jiayin has fixed on AI and quantum physics as the newest business opportunities for the country’s second-ranked home builder by contracted sales.
Xu’s Evergrande Group… Read More>>
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