Fresh off of selling a North Point project to China Taiping and friends for HK$9.95 billion, Henderson Land may be trying again in Hong Kong’s Kennedy Town, according to the most recent headlines. Also in the news, December may be… Read More>>
Mainland Firm Buys Floor in The Center for HK$594M and More HK Real Estate Headlines
Hong Kong’s neighbors from the north continue to make a big noise in the city’s property markets this past week as mainland firms continue to buy, lease and otherwise grab hold of more bricks and mortar in the city. On… Read More>>
CLSA Capital Partners To Sell Hong Kong Retail Tower for $243M
CLSA Capital Partners is reportedly close to selling Zing!, a retail tower in the heart of Hong Kong’s Causeway Bay shopping district, for HK$1.9 billion ($243 million) to a Macau-based consortium.
The Hong Kong-based alternative asset manager is expected to… Read More>>
Fifth SG Project Goes for Collective Sale This Week and More Asia Real Estate Headlines
Singapore leads the news again today as the city’s fifth housing project this week goes up for collective sale. Slightly further south in Melbourne, a Chinese developer continues to buy up suburban sites and Sunac’s Sun Hongbin reaches a bit… Read More>>
Hong Kong’s Shop King Sells Prime Causeway Bay Site for $122M
Tycoon Tang Shing-bor has sold a pair of buildings next to Hong Kong’s popular Times Square shopping mall for a total of HK$950 million ($122 million), paving the way for the rare parcel in Causeway Bay to be redeveloped… Read More>>
Mandarin Oriental Said Offered Record $3.8B for Excelsior Hotel
The Mandarin Oriental Hotel group has begun to receive offers for the Excelsior Hotel in Hong Kong’s Causeway Bay, with at least five bids reportedly valuing the four-star waterfront property at HK$30 billion ($3.8 billion).
If the 848-room Excelsior is… Read More>>
CLSA Capital Partners Sells Hong Kong’s Zing! Retail Centre for $269M
CLSA Capital Partners has sold Zing!, a 27-storey retail centre in the heart of Hong Kong’s Causeway Bay retail district, for HK$2.1 billion ($268.6 million).
The undisclosed buyer is reported to have paid for Zing! by selling The L. Plaza,… Read More>>
Mandarin Oriental Could Make $3.4B From Excelsior Hotel Sale
Hong Kong’s Mandarin Oriental Hotel group began testing buyer interest in the Excelsior Hotel in the city’s Causeway Bay district for a sale that could bring the Jardines-owned luxury hotel brand as much as HK$27 billion ($3.4 billion).
The London… Read More>>
HK’s Causeway Bay Still 2nd for Retail Rents Globally Despite Downturn
Shops may be closing due to disappointing sales in Hong Kong’s Causeway Bay area, but the glitzy shopping street still hung onto its rank as the second-most expensive place to rent a shop in the world, behind only New York’s… Read More>>
Beijing’s Wangfujing Ranks 13th for Retail Rents Globally
Rents in China’s most expensive shopping district rose by more than nine percent in the last year, but the increase was only enough for Beijing’s Wangfujing to keep its ranking as the world’s 13th most expensive place to open a… Read More>>
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