After working since 2007 to acquire a site in Causeway Bay, Hong Kong-listed Soundwill Holdings has asked Hong Kong’s Lands Tribunal to lower the price for acquiring the remaining space in the property, as a slowing real estate market and… Read More>>
Mandarin Oriental Launching Causeway Bay Project into Hong Kong Office Headwinds
More than five years after announcing a $650 million plan to redevelop the former Excelsior Hotel into a commercial project set to ride a boom in demand, Hong Kong’s Mandarin Oriental Hotel Group recently announced preparations to begin leasing the… Read More>>
Hysan Previews $115M Loss as Investment Markdowns Continue
Hong Kong’s Hysan Development warned of a 2023 attributable loss on the order of HK$900 million ($115 million) in an update issued without fanfare on Chinese New Year’s Eve.
The expected loss marks a narrowing of the HK$1.16 billion shortfall… Read More>>
Hong Kong Investor Selling Down $1.9B Property Portfolio as Commercial Slump Drags On
A Hong Kong investor who once estimated his direct property holdings at HK$15 billion (US$1.9 billion) has put his HK$460 million oceanfront mansion on the block and is marketing a pair of commercial assets in Causeway Bay and Central together… Read More>>
Henderson Land Wins Hong Kong Island Housing Site in $75M Deal
Henderson Land Development this past week won full ownership of a Hong Kong Island site which could yield a residential project worth HK$1.1 billion ($140 million), with the developer pushing ahead with the purchase despite disappointing financial results in the… Read More>>
$409M Project Sale in Hong Kong’s Causeway Bay Linked to Shenzhen Developer
A 63-year-old building in Hong Kong’s Causeway Bay shopping district has been snatched up for HK$3.2 billion ($408.5 million) with local media reports linking the buyer to a mainland developer which plans to develop a “Ginza-style” office and retail project… Read More>>
New World Consolidating Causeway Bay Site for $1.7B Commercial Project
Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
Phoenix Property Sues WeWork for Breaking Causeway Bay Lease
Phoenix Property Investors is suing WeWork for abandoning a 10 year commitment to its flagship location in Causeway Bay, with the Hong Kong private equity shop said to be demanding payment of about HK$242 million ($30.8 million) on the alleged… Read More>>
Hysan, Chinachem Add Cultural Space to Causeway Bay Commercial Project
Hysan Development and its partner Chinachem Group are turning to culture to boost the value of a HK$28 billion ($3.5 billion) commercial project they are developing in Hong Kong’s Causeway Bay area, according to a planning application submitted by the… Read More>>
Hysan Closes In on $958M Causeway Bay Project
Hong Kong’s Hysan Development earlier this month took a step towards adding another project to its Causeway Bay kingdom with the reported purchase of a unit in an aging building which backs against its Leighton Centre commercial tower and opens… Read More>>
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