A mainland tycoon who set a Hong Kong record purchasing the city’s most expensive home nine years ago has now set a new standard for the biggest residential markdown as that same house sold for HK$1.3 billion ($165.6 million) less… Read More>>
Natixis-Woori Fund Loaning $150M for US Data Centres and More Asia Real Estate Headlines
The outbound trend among Korean investors continues as banking giant Woori makes a bet on US data centres, with that story leading today’s headline roundup. Also in the news, a Hong Kong mansion once owned by tycoon Chen Hongtian is… Read More>>
Receivers Field Offers for Former Cheung Kei Hong Kong HQ After 64% Drop in Value
Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s former Hong Kong headquarters after the grade A property lost nearly two-thirds of its value over the past two years.
Market… Read More>>
Banks Chase Cheung Kei Boss for $200M in Overdue Loan Payments
Mainland tycoon Chen Hongtian has received demands from a pair of banks to repay more than HK$1.6 billion ($200 million) in overdue loans and interest charges, according to a media account, as liquidators continue to market global properties linked to… Read More>>
Receivers Sell London Office Tower Seized From China’s Cheung Kei for 60% Off
An office block on London’s Canary Wharf which was once a trophy for the chairman of China’s Cheung Kei Group is being sold by receivers for £110 million ($134 million) — 60 percent less than what the mainland investor paid… Read More>>
Receivers Marketing London Office Tower Seized From Mainland Tycoon
Savills has kicked off a sales campaign for 5 Churchill Place in London, attempting to find a buyer for the Canary Wharf office tower seized from mainland tycoon Chen Hongtian, who had earlier defaulted on loans backed by the onetime… Read More>>
Cheung Kei Chief’s Seized Hong Kong Flat Sold at 39% Off and More Asia Real Estate Headlines
Chen Hongtian’s seized Hong Kong flat finally selling at 39 percent below the valuation price leads today’s collection of real estate headlines from around the region. Also in the news, China Evergrande has sold its yacht for $32 million as… Read More>>
Cheung Kei Tycoon’s Seized Mid-Levels Apartment Said to Sell for $53.5M
A Hong Kong luxury apartment seized from Shenzhen tycoon Chen Hongtian in March has sold for HK$420 million ($53.5 million), according to local media accounts, with the price paid for the Mid-Levels home reportedly representing a 38 percent discount to… Read More>>
Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak
A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.
Savills formally kicked off… Read More>>
China’s Cheung Kei Talks Up Investment Plan for Seized London Office Building
Cheung Kei Group said this week that it is negotiating with investors for the sale of a partial stake in 5 Churchill Place in London, in a statement released just days after it was revealed that the Canary Wharf office… Read More>>