A floor in a commercial tower which once set the record for Hong Kong’s most expensive office is now a contender to be named the city’s greatest loss of value as distressed sales become the norm in Asia’s most expensive… Read More>>
Hongkong Land Loss More Than Doubles to $1.4B as Central Portfolio Pain Continues
Hongkong Land said its attributable loss more than doubled to $1.39 billion in 2024, as falling rents and lower valuations continued to dog the developer’s hometown office portfolio based in prime Central district.
The Jardine Matheson-controlled developer’s full-year loss widened… Read More>>
New Building Debuts Boost Office Vacancy in Hong Kong’s Central to 12.1%
The debut of new office buildings in Hong Kong’s Central district has boosted vacancy in what was once among Asia’s most sought after business locations by 29 percent from a year earlier, according to new figures from JLL.
Some 12.1… Read More>>
Lai Sun Selling 10% Stake in $2.2B Hong Kong Office Building to AIA
Hong Kong-listed builder Lai Sun Development has agreed to sell its 10 percent stake in the AIA Central office building in Hong Kong’s Central district to AIA Group in return for HK$1.4 billion ($181.5 million) in cash, plus assumption of… Read More>>
Hong Kong’s Henderson Land Wins Approval for Site 3 Harbourfront Plan
Henderson Land Development’s vision for the waterfront of Hong Kong’s Central district is one step closer to reality with the city’s Town Planning Board approving the developer’s designs for a HK$73 billion ($9.3 billion) commercial project.
The design… Read More>>
Hongkong Land Leases Two Central Retail Floors to Sotheby’s
Hongkong Land on Thursday announced that international auction house Sotheby’s has agreed to lease 24,000 square feet (2,229.6 square metres) of space at Landmark Chater, the three-storey retail podium of Central’s Chater House, with analyst sources who spoke with Mingtiandi… Read More>>
Henderson Land Unveils Plan for Central’s Site 3 in Hong Kong
Henderson Land Development has submitted a design plan for its Site 3 harbourfront development in Hong Kong’s Central district, according to an application by the builder to the Town Planning Board, with the project expected to be worth as much… Read More>>
Corner Building in Hong Kong’s Soho Hits the Market at $22M Valuation
A slice of a residential building in Hong Kong’s once-bustling Soho entertainment district, valued at HK$175 million ($22.3 million) was put up for sale this week, despite the city’s housing market having contracted over the past two months, according to… Read More>>
Carlyle Moving Hong Kong HQ to The Henderson in Central
Henderson Land Development has secured a second tenant at its 36-storey office building in Hong Kong’s Central business district, with US private equity giant Carlyle Group having agreed to lease about 20,000 square feet (1,858 square metres) of space at… Read More>>
Hongkong Land Leases 3 Central Office Floors to White & Case
Hongkong Land has welcomed a former tenant back to its Central office portfolio after 15 years, announcing that global law firm White & Case had taken up three floors at York House, the developer’s Grade A office tower at 15… Read More>>
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