A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial project despite a slide in tenant demand that saw rents in the world’s priciest office market fall by the steepest rate… Read More>>
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Goldin Looks to Offload HK$8.9B Kai Tak Plot As Residential Values Slide
Goldin Financial Holdings is hoping to offload a piece of land which had once been part of the runway of Hong Kong’s former airport, as a property slump in the Asian financial hub has been intensified by the virus pandemic.
Ho Bee Land Wins SG Biomed Project With S$224M Bid
Ho Bee Land has won the tender for a 41,366 square metre (445,260 square foot) biomedical facility in Singapore’s One-North development, according to an announcement late Monday by the SGX-listed developer.
The company controlled by property investor Chua Thian Poh… Read More>>
First Group Acquires Kowloon’s Centennial Building for HK$790M
Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>
UOL, Frasers, JBE Win Singapore Housing Sites at Discounts
UOL Group, JBE Holdings and Frasers Property each won Singapore government residential land sales on Tuesday with bids as much as 4 percent below expectations, as the potential long-term impact of the coronavirus outbreak adds to developer concerns over the… Read More>>
Hongkong Land Pays Record RMB 31B for Site in Shanghai’s Xuhui District
In the midst of one China’s most acute economic setbacks in the last two decades, the biggest landlord in Hong Kong’s Central district has agreed to pay a record RMB 31.05 billion ($4.48 billion) for a development site in Shanghai’s… Read More>>
Wheelock Wins Project at Hong Kong’s Lohas Park at 12% Discount
Wheelock and Company has won a discounted residential site in Hong Kong’s New Territories amid a plunge in property prices in the Asian financial hub, according to an announcement by the city’s MTR Corporation, which organised the project tender.
The… Read More>>
Kailong Grabs Kowloon Site for HK$448M, Readies for Tsim Sha Tsui Project
Kailong Real Estate is preparing to start work on its latest Hong Kong project after purchasing a pair of aging buildings in the Tsim Sha Tsui district of Kowloon, according to the firm’s top executive in the city.
A joint… Read More>>
Ping An Said Investing in Sun Hung Kai West Kowloon Commercial Project
Less than two months after purchasing a West Kowloon project for HK$42.23 ($5.4 billion) Sun Hung Kai Properties is reported to have found a partner to join in building the largest commercial tower on the peninsula.
Ping An Real Estate… Read More>>
Kaisa Group Buys New Territories Site for HK$3.5B to Expand HK Foothold
Kaisa Group Holdings has expanded its foothold in Hong Kong as the Shenzhen-based developer beat out 14 other bids to take home a site in the New Territories, according to an announcement by Hong Kong’s Lands Department late Monday.
The… Read More>>
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