Asia real estate and outbound investment news
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>>
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>>
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>>
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 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.
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).
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>>
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>>
Leading today’s Hong Kong roundup, Shanghai Pudong Development Bank — currently headquartered in Central’s Bank of America Tower — has preleased eight floors in Chinachem’s One Hennessy office project in Wan Chai for a record-breaking rent. Together with mainland co-working… Read More>>
Kr Space, the co-working spinoff of Alibaba-backed technology platform 36Kr, has picked Hong Kong for its first centre outside of mainland China, leasing seven stories in the One Hennessy office building in Wan Chai while it looks to open other… Read More>>
