Hong Kong property investors continue to suffer from the decline of the city’s commercial real estate values, with a cash-strapped player recently parting with a floor in the Bank of America Tower for more than a third less than the… Read More>>
Fashion Boss Losing Floor at HK’s Bank of America Tower and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a fading fashion tycoon loses an office floor in Hong Kong’s Central as receivers shop the property, and China’s central bank will reportedly dangle cheap loans as an incentive to buy developer bonds.
AmCham Sells Hong Kong Office at Discount After Cutting Headcount by Half
US presence in Hong Kong took another hit earlier this month when the American Chamber of Commerce in the city sold its offices in Central at a discount.
AmCham Hong Kong sold its 5,968 square foot (554 square metre)… 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>>
Victor Li Denies HK$35B Sale of Hutchison House and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, recently crowned CK Asset boss Victor Li is in the news again, as the developer denies reports of an impending sale of one of its most valuable office assets.
Also in the headlines,… Read More>>