Warburg Pincus-backed Kailong has purchased eight properties in Hong Kong over the last year, and now the real estate fund manager is taking a few pages from WeWork’s success story as it plans to redevelop this HK$3.7 billion ($471 million)… Read More>>
Mapletree Said to Put HK$9B Kowloon East Office Tower on the Market
Singapore private equity firm Mapletree Investments is said to be putting a HK$9 billion ($1.15 billion) office tower in Kowloon East on the market as Hong Kong’s world-leading office rents continue to provide profit opportunities for institutional investors.
The Temasek… Read More>>
HK Ferry Wins Sham Shui Po Project for HK$1B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, ferry operator Hong Kong Ferry has been awarded the rights to redevelop a project in Sham Shui Po for HK$1 billion ($131 million) by the city’s Urban Renewal Authority. Also in the headlines,… Read More>>
Home Prices Paced the World with 15% Rise in Q1 and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, home prices in the city rose 15 percent in the last quarter year-on-year, the fastest in the world, according to Knight Frank. The real estate firm tracking 57 markets found out that Hong Kong… Read More>>
Aoyuan Buys Kwai Chung Industrial Building From Laws Group for $121M
Guangzhou-based China Aoyuan Property Group is expanding its portfolio in Hong Kong by snapping up an industrial building in the New Territories logistics hub of Kwai Chung for HK$950 million ($121 million).
The mid-sized mainland developer is buying the 12-storey… Read More>>
Swire Closes on HK$6.5B Sale of Kowloon East Office Project to Pollyanna Chu
Almost two years after agreeing to sell a Kowloon East office project to one of Hong Kong’s richest women, Swire Properties last week finally completed the 25-storey tower and closed the HK$6.5 billion deal.
The blue-chip developer announced to the… Read More>>
Redevelopment of CK Asset’s Hutchison House in HK Could Bring $4B Valuation
CK Asset Holdings is said to be planning the redevelopment of Hutchison House in Hong Kong’s Central district, an effort that could quadruple the 44-year-old office tower’s valuation to as much as HK$32 billion.
The property arm of the CK… Read More>>
HNA Sells Minneapolis City Center Complex to Samsung SRA For $320M
HNA Group continues to shed US assets to pay off its debt burden, with the Hainan-based conglomerate this past week having been reported this past week to have sold the Minneapolis City Center mall and an adjacent office building for… Read More>>
New World’s Henry Cheng Still in the Saddle and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the chairman of property giant New World Development has shrugged off rumours of his imminent retirement, after the 71-year-old tycoon was said to have suffered a stroke. Also in the headlines, the city’s… Read More>>
Mainland Tenants Only Care About Being in the Right Building Says Hongkong Land
The world’s priciest office market is driven by two types of demand — from cost-conscious multinationals, and from monied mainland firms, according to Neil Anderson, Head of Office Space at Hongkong Land, whose company owns Jardine House and the Exchange… Read More>>
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