Leading today’s Hong Kong real estate news, strong property income has helped Swire Pacific to offset its losses in aviation and marine services. Also in the headlines, mortgage offered by government-owned agency jumped by 30 percent last year. All these… Read More>>
JP Morgan Goes Flexible in Central Office and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, JP Morgan is riding the flexible workspace trend in its Chater House office, and slashing rents in the process. And speaking of leasing costs, the city finally saw apartment rents decline last month… Read More>>
LeEco Unit Faces Friday Shut Down in Hong Kong After Missing $1.3M in Rent
Mainland media magnate Jia Yueting’s LeEco may be about to suffer another setback in its battle to climb out of a RMB 16.8 billion ($2.7 billion) debt hole, as a Hong Kong online streaming unit of the Beijing-based conglomerate is… Read More>>
Sunac Buys Out Pair of HNA Hainan Projects for $300M as Fire Sale Rages
Chinese tycoon Sun Hongbin, who bailed out Wanda Group last year, is coming to the aid of a struggling mainland developer again. HNA Infrastructure Investment Group, a listed subsidiary of embattled HNA Group, said in two separate filings to the… Read More>>
Ucommune Acquires Co-Working Rival Woo Space, Boosting Valuation to $1.7B
Ucommune, the flexible office provider formerly known as UrWork, has acquired co-working rival Woo Space in the startup’s latest expansion play — boosting Ucommune’s valuation to $1.7 billion, the company announced.
China’s biggest co-working space provider informed Mingtiandi that the… Read More>>
Wheelock Project Sells 750 Units in Two Days and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Wheelock was able to sell 750 units in its new Malibu project in Tseung Kwan O, the New Territories in just one weekend. Also changing hands is a floor in Silver Fortune Plaza,… Read More>>
HNA Group Restructures Hotel Businesses, Plans Sale of Stake in 2nd Hilton Spin-Off
Hainan Airlines, the flagship carrier of HNA Group, will take over the group’s hotel business as part of an asset restructuring by the troubled Chinese conglomerate. Hainan Airlines announced in a filing to the Shanghai Stock Exchange that it would… Read More>>
HNA Group Sells Kai Tak Site to Hong Kong’s Wheelock for $811M
Cash-strapped HNA has grabbed another lifeline from a Hong Kong developer to help crawl its way out of debts estimated at $100 billion. In the latest attempt to bail out its balance sheet, the Hainan-based conglomerate agreed to sell one… Read More>>
Swire Adds Residential Project To Its Miami Portfolio
Hong Kong-based developer Swire Properties is expanding its US footprint by teaming up with a Colombian businessman to build a condo tower across the street from its Brickell City Centre project in downtown Miami.
Swire will develop a 72,000 square… Read More>>
Kerry Logistics Said Hawking HK$12B Shed Horde and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Kerry Logistics is said to be marketing a portfolio of 12 warehouses in the city at an asking price of up to HK$12 billion, and a Guangzhou developer has snatched up an aging… Read More>>
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