Hong Kong-listed developer Tomson Group is acquiring an office floor in Admiralty for HK$193 million ($25 million), clinching the asset at a unit price of HK$18,161 per square foot which is reportedly the lowest in five years amid muted market… Read More>>
Wang On Sells Admiralty Asset for $66M as HK Office Sales Pick Up
Wang On Properties has agreed to sell an entire floor at the United Centre for a consideration of HK$515 million ($66.1 million) or HK$29,022 per square foot, following the uptick in Hong Kong’s office market in August, with rents in… Read More>>
Office in Hong Kong’s Bank of America Tower Leased at 30% Discount as Rents Slide
As the Hong Kong office market continues to struggle through street protests and disappearing mainland corporates, an office has been leased in one of Hong Kong’s prime commercial districts at a 30 percent discount from prevailing current market prices, according… Read More>>
KR Space Balks at Lease in the Center and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, shared workspace provider KR Space has balked at paying HK$4.3 million monthly for office space it had planned to rent at The Center on Queen’s Road, with a report in the Apple Daily… Read More>>
Son of Chong Hing Bank Director Makes 30% Profit in 3 Months Thanks to HNA Fire Sale
Hong Kong investor Jeffrey Liu Wai-lun has sold an office unit in Admiralty for HK$52.01 million ($6.63 million) – 30 percent more than the price he paid to snap up the strata-titled asset from struggling Chinese conglomerate HNA Group just… Read More>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.
The 33rd floor of… Read More>>
Link REIT Nets HK$3B from 2017 Deals and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Link REIT’s landmark sale of shopping malls to Gaw Capital and Goldman Sachs helped the trust reap a heap of money through property deals last year. Also in the headlines, Hong Kong developer… Read More>>
New Price Records Set in Hong Kong as Mainlanders Buy Up Office Space
A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$540 million ($69 million) to what is said to be a mainland buyer. The deal, which equates to a price per square foot of HK$50,000… Read More>>