The continuing rise of flexible office providers leads Hong Kong’s real estate news again today as Regus is said to take up two floors in a former industrial building in the Kwun Tong area of Kowloon East. Also in the… Read More>>
Hermès Said Selling Floor in Hong Kong’s The Galleria to Chelsfield for $115M
British property developer Chelsfield is said to be buying the ground floor of The Galleria, a shopping centre in Hong Kong’s Central commercial hub, from French luxury brand Hermès for HK$900 million ($115 million), according to a local media report.
$73M Office Floor Sets New Price Record in HK’s Admiralty
A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$568 million ($72.6 million) to local developer Circle Property Development, according to media reports.
The 41-storey grade A office building is situated on the eastern… Read More>>
Angelo, Gordon and Chellarams Buy 9 Floors of Kwun Tong Building For HK$2.5B
Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have recently paid HK$2.5 billion ($320 million) for nine floors in an office building in the Kwun Tong area of Hong Kong’s… Read More>>
Macau Businessman Pegged as Buyer of Pamfleet’s $217M Bonham Circus
The mysterious buyer of the $217 million Bonham Circus building in Sheung Wan — a deal which Mingtiandi covered earlier this week — has now been revealed. Macau businessman Lucas Lo, chairman of Similan Group, along with other investors, is… Read More>>
Kwun Tong Housing Site Draws 24 Bids and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate headlines, a residential site in Kwun Tong that could be worth up to HK$3.4 billion brought in two dozen bids from a roster of heavyweights including CK Asset, Sun Hung Kai Properties and Henderson… Read More>>
Hongkong Land Buys $745M Nanjing Site for $1.9B Commercial Complex
Hongkong Land on Wednesday won a tender to develop a plot of commercial land in Nanjing, the capital of eastern China’s Jiangsu province, for RMB 4.8 billion ($745 million). The Hong Kong developer best known for The Landmark complex in… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
China Overseas Land Buys Suburban Beijing Site For RMB 5.5B
Top-ten mainland developer China Overseas Land and Investment (COLI) has purchased a 175,114 square metre mixed-use site in northern Beijing for RMB 5.45 billion ($847 million), according to official announcements following the government auction.
The site in Shahezhen town in… Read More>>
China Home Prices Rise in 57 of 70 Cities After First-Tier Markets Frozen
Home prices are rising across China, but smaller cities are getting most of the action, the latest official data shows.
New home prices, excluding government-subsidized housing, rose in 57 out of 70 cities nationwide in December, according to figures from… Read More>>
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