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ivan ho kailong

Kailong Sells 8 Floors in Central for HK$350M Despite HK Downturn

ivan ho kailong

2020/05/25 by Stephanie Li Leave a Comment

Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s Sheung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy… Read More>>

Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s … Read more>>>

Li Ka-shing

Top Hong Kong Developer Shares Fall More Than 5% as Beijing Preps Security Law  

Li Ka-shing

2020/05/24 by James Hatton Leave a Comment

Stocks in Hong Kong’s major developers, including Sun Hung Kai, CK Asset and Wheelock, plunged on Friday on the news that Beijing is planning to impose controversial national security laws in Hong Kong.

After China’s central government on Thursday announced… Read More>>

Stocks in Hong Kong’s major developers, including Sun Hung Kai, CK Asset and Wheelock, plunged on Friday on the news … Read more>>>

adrian cheng

New World Selling Commercial Space in Central for HK$500M

adrian cheng

2020/05/23 by Stephanie Li Leave a Comment

New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 percent less than the property giant had been asking for the commercial property just three months ago, according… Read More>>

New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix, Actis Consortium Sells Seoul Office Complex for KRW 546B

Samuel WT Chu and Benjamin KY Lee

2020/05/21 by James Hatton Leave a Comment

A consortium comprising Hong Kong’s Phoenix Property Investors, UK-based fund manager Actis and South Korean developer SK D&D has sold a two-tower office complex in southwestern Seoul for KRW 545.8 billion ($449.2 million).

The tri-national team offloaded the Young City… Read More>>

A consortium comprising Hong Kong’s Phoenix Property Investors, UK-based fund manager Actis and South Korean developer … Read more>>>

Oxley boss Ching Chiat Kwong

Oxley Announces S$315M Offer for Chevron House Podium in Singapore

Oxley boss Ching Chiat Kwong

2020/05/21 by James Hatton Leave a Comment

Oxley Holdings has received an expression of interest from an anonymous suitor to buy the retail and banking podium of Singapore’s Chevron House for S$315 million ($223 million), the company said this week, with the reported offer coming in 34… Read More>>

Oxley Holdings has received an expression of interest from an anonymous suitor to buy the retail and banking podium of … Read more>>>

henry cheng chow tai fook

Chow Tai Fook, FEC Secure Financing for A$3.6B Brisbane Casino

henry cheng chow tai fook

2020/05/18 by James Hatton Leave a Comment

An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing that allows the controversial development to press ahead despite opposition from preservationists and design groups.

Australian gambling and entertainment company Star… Read More>>

An A$3.6 billion ($2.3 billion) Brisbane casino resort backed by a pair of Hong Kong heavyweights has secured financing … Read more>>>

victor li ck asset

Li Ka-shing’s CK Asset Sounds Profit Alarm as COVID-19 Crimps Business

victor li ck asset

2020/05/17 by James Hatton Leave a Comment

The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in profits for the first half of the year, marking the first time the company has issued a profit warning since… Read More>>

The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in … Read more>>>

Peninsula HK 86% Empty as Hong Kong and Shanghai Hotels Faces Global Crisis

2020/05/14 by James Hatton 2 Comments

Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner of the 300-room luxury hotel – Hongkong and Shanghai Hotels – suffered from what chairman Sir Michael Kadoorie… Read More>>

Occupancy at Hong Kong’s famed Peninsula hotel plunged to 14 percent in the first three months of the year, as the owner … Read more>>>

Luckin Coffee Fires CEO, COO After RMB 2.2B in Sales Said Faked

2020/05/13 by James Hatton Leave a Comment

Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company brought to light further evidence of wrongdoing related to an accounting fraud scandal exposed by short seller Muddy Waters Research in January.

The… Read More>>

Luckin Coffee has sacked its chief executive and chief operating officers after internal investigations by the company … Read more>>>

Samuel WT Chu and Benjamin KY Lee

Phoenix Said Seeking Buyer for Wan Chai Commercial Project at HK$330M

Samuel WT Chu and Benjamin KY Lee

2020/05/12 by James Hatton Leave a Comment

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at an asking price of HK$330 million ($43 million), according to people familiar with the matter who spoke to Mingtiandi.

The Hong… Read More>>

Phoenix Property Investors is seeking a buyer for a commercial redevelopment project in Hong Kong’s Wan Chai district at … Read more>>>

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