Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in West Kowloon, according to an official announcement late last week.
The company led by CEO Donald Choi shouldered aside 16 other bidders to win the… Read More>>
Luckin Coffee Boss Seeks to Limit Investor Exodus and More Asia Real Estate Headlines
A scandal-hit coffee company leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the co-founder of a BlackRock-backed chain of skinny latte outlets may be stepping back from his other ventures to prevent… Read More>>
Henderson, Wheelock and New World Lead HK$12.6B Kai Tak Land Buy
Hong Kong’s Lands Department on Tuesday announced that a consortium of six developers had won the third-largest residential plot on what had been the runway of Hong Kong’s former Kai Tak airport for a record HK$12.6 billion ($1.6 billion).
The… Read More>>
Chinachem Sues Kr Space for HK$500M After HK Co-Working Lease Collapse
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
Kr Space Surrenders $840K Per Month Lease in Hong Kong’s One Hennessy
Mainland co-working startup Kr Space has surrendered an 83,000 square foot (7,712 square metre) lease in Hong Kong’s Wanchai district, casting doubts over the future of one of the major players in China’s boom-gone-bust flexible office industry.
The decision by… Read More>>
WeWork Annual Loss Doubles to $2B and More Asia Real Estate Headlines
New data is now available on the arc of the global shared office phenomena and WeWork’s announcement this week that its annual loss doubled to $2 billion in 2018 has analysts wondering if the co-working craze has already passed its… Read More>>
Chinachem’s One Hennessy Office Tower Now 80% Leased in Hong Kong
Chinachem Group announced on Wednesday that its One Hennessy officer tower in Hong Kong’s Wanchai district has leased all but four of the available floors among its 21 storeys of office space some three months before the building’s scheduled completion.
Chinachem Group Buys $1.63B Kowloon Condo Site in Hong Kong
Hong Kong-listed real estate developer Chinachem Group was announced on Monday as the winner of a public tender for a residential site in the Ho Man Tin area of Kowloon East estimated to be worth nearly HK$13 billion ($1.66 billion).
HK Still World’s Top Luxury Housing Market and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, rich people continue to do fine in the Asian commercial hub as the city remains the world’s top luxury housing market for the second year running. Evidence of the hot market for pricey… Read More>>
HK Ferry Wins Sham Shui Po Project for HK$1B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, ferry operator Hong Kong Ferry has been awarded the rights to redevelop a project in Sham Shui Po for HK$1 billion ($131 million) by the city’s Urban Renewal Authority. Also in the headlines,… Read More>>