Asia Pacific real estate investment news and information
A Hong Kong investor whose property portfolio was once estimated to be worth HK$15 billion (US$1.9 billion) is disposing of a building in Central district’s Soho nightlife area at nearly half off his 2024 asking price.
Known colloquially as the… Read More>>
A commercial property unit of China Resources Holdings has become the latest investor to bet on Hong Kong’s student housing market, with the state-run firm agreeing to purchase a hotel in the city’s Kwai Chung area for around HK$953 million… Read More>>
Hong Kong has witnessed another jumbo office purchase by a corporate occupier, with Dah Sing Banking Group having purchased 10 floors in a tower on the island’s south side for HK$838.7 million ($107 million), according to an announcement on Saturday.
Hong Kong’s plummeting property values have provided Dash Living with an economical opportunity to expand its portfolio in the city, as the Rava Partners-backed rental residential operator picks up a Wan Chai district property at 70 percent off the 2019… Read More>>
Chinese e-commerce titan Alibaba and its Ant financial affiliate have completed their $925 million buy of the top 13 floors of Mandarin Oriental Hotel Group’s newly built Causeway Bay commercial tower, helping to boost Hong Kong real estate investment by… Read More>>
China’s JD.com has followed its rival Alibaba in investing in a major Hong Kong office tower, with the mainland tech giant said to have bought into Lai Sun’s CCB Tower.
Lai Sun Development and parent company Lai Sung Garment announced… Read More>>
Centaline Investment has acquired a second property for its Hong Kong student housing platform, with the firm planning to launch dedicated investment vehicles targeting a sector poised to benefit from an academic influx from mainland China and other points around… Read More>>
A joint venture between US private equity firm TPG Angelo Gordon and local builder Hanison Construction has agreed to sell a hotel in Hong Kong’s Sai Ying Pun area for 44 percent less than it paid to acquire the property… Read More>>
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>>
Mike Cai Wensheng, the billionaire co-founder of selfie-app Meitu, paid HK$650 million ($84 million) for a commercial property in Tin Hau on Hong Kong Island in a deal that values the Park Aura building at 20 percent above what comparable… Read More>>
