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Stephanie Li

Abandoned WeWork Centres Put Up for Lease in Kowloon

2020/05/11 by Stephanie Li Leave a Comment

WeWork has surrendered three lease commitments in Hong Kong as the US co-working giant continues to restructure its portfolio, according to a person with knowledge of the matter who spoke to Mingtiandi.

Mingtiandi understands that WeWork has surrendered its centre… Read More>>

gu gang

HNA Fails to Make Payment on $4B Ingram Micro Buyout Loan

2020/05/10 by Stephanie Li Leave a Comment

A unit of China’s HNA Group has failed to repay $750 million owed from its buyout four years ago of a US technology distributor, as the cash-strapped conglomerate’s credit problems continue to mount despite selling off a Shanghai office tower… Read More>>

Tencent Exec Buys Repulse Bay Pad at 18% Off and More Hong Kong Real Estate Headlines

2020/05/10 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, properties in the Asian financial hub continue to be sold at knockdown prices, with the chief strategy officer of tech giant Tencent buying a Repulse Bay luxury home at an 18 percent discount,… Read More>>

Hong Kong, Causeway Bay, Times Square

Hong Kong Landlords Squeezed as Retail Sales Fall for 14th Month

2020/05/07 by Stephanie Li Leave a Comment

Statistics released this week show that consumer spending in Hong Kong fell for the fourteenth consecutive month during March, and the slide in shopping is already squeezing some of the city’s largest landlords.

Link REIT, Wheelock Properties and other owners… Read More>>

tang shing bor

Shop King Buying 3 Retail Units for HK$1B and More Hong Kong Real Estate Headlines

2020/05/05 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, “Shop King” Tang Shing-bor has braved the property market downturn to buy a trio of retail properties for $HK1 billion ($130 million), while an investor consortium is said to have backed out of… Read More>>

Little-Known Player Outbids Wheelock, Vanke to Win Kowloon Site for HK$467M

2020/04/29 by Stephanie Li Leave a Comment

Local Hong Kong developer Capital Group Development Limited has won a residential site in Mong Kok for HK$467 million ($60 million), according to an announcement yesterday by the Lands Department.

The privately held firm, which was previously best known for… Read More>>

payson cha

Hanison Said Offering Pamfleet HK$930M for Hong Kong Hotel

2020/04/27 by Stephanie Li 1 Comment

Hanison Construction Holdings is said to be in due diligence on a Travelodge hotel in Hong Kong’s most expensive district, after offering a reported HK$930 million ($120 million) for the mid-scale hotel, according to two people familiar with the matter.

… Read More>>

helen lee

HK Elite Families Buy Floor in Central, Wanchai Project for Combined HK$539M

2020/04/27 by Stephanie Li Leave a Comment

The British turned over Hong Kong to mainland China more than twenty years ago, but the city’s elite seem to still recall late UK Prime Minister Winston Churchill’s admonition never to waste a crisis.

With the COVID-19 pandemic putting pressure… Read More>>

martin Lee henderson

Henderson Adds to West Kowloon Project and More Hong Kong Real Estate Headlines

2020/04/22 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, Henderson Land has snapped up a piece of a West Kowloon tenement building for HK$24 million as the developer continues to assemble pieces for a one million square foot project.

Across the Kowloon… Read More>>

Henderson, Swire Redevelopment Plan Rejected and More Hong Kong Real Estate Headlines

2020/04/20 by Stephanie Li 1 Comment

Leading today’s Hong Kong real estate news, Hong Kong giants Henderson Land and Swire Properties have had a joint commercial development application in Quarry Bay turned down despite snapping up a set of shops on the site for HK$82 million.

… Read More>>

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