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Hongkong Land chairman Ben Keswick

Hongkong Land Denies $2B Exchange Square Sale Plan as Savills Sends Flyers

2023/08/09 by Michael Cole Leave a Comment

The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.

Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>

Li Ka-shing CK Asset

CK Asset $2.6B Sale of 21 Borrett Road Luxury Project Collapses in Hong Kong

2023/07/15 by Christopher Caillavet Leave a Comment

Li Ka-shing’s CK Asset said Thursday that a deal to sell its 21 Borrett Road luxury project in Hong Kong’s Mid-Levels to Sino Suisse fell through after the Singapore-based firm failed to make the first payment on the HK$20.8 billion… Read More>>

truong-my-lan-dspl

Vietnam-Linked Eric Chu Sells Quarry Bay Site at 36% Off Following Wife’s Arrest

2023/02/22 by Beatrice Laforga Leave a Comment

A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46… Read More>>

Stan Tang

Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets

2023/02/21 by Mingtiandi Team Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>

HQ in Mong Kok, Hong Kong

Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up

2023/01/17 by Greg Isaacson Leave a Comment

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>

Goldin Financial Global Centre 2

PAG, Mapletree Confirm $713M Buy of Hong Kong’s Goldin Financial Global Centre

2023/01/12 by Christopher Caillavet Leave a Comment

PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.

The… Read More>>

Storefriendly Kwun Tong

Blackstone’s Storefriendly JV Completes $108M Kowloon Self-Storage Buy

2022/10/23 by Pawara Laothamatas Leave a Comment

The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.

A Blackstone… Read More>>

Edwin Wong SSG

Ares Buys $392M Stake in New World Project as First Hong Kong Real Estate Deal

2022/10/02 by Pawara Laothamatas, Michael Cole Leave a Comment

US private equity firm Ares Management has made its first direct investment in Hong Kong real estate, picking up a 51 percent stake in a Kowloon office project from New World Development for approximately HK$3.07 billion ($392 million).

New World… Read More>>

raymond Lee Savills

Receivers Kick Off Fresh Tender for $1.15B Evergrande Centre in Hong Kong

2022/09/25 by Michael Cole Leave a Comment

Savills has launched a fresh tender for the sale of the China Evergrande Centre in Hong Kong, just two weeks after receivers appointed by the defaulting developer’s creditors seized the Wan Chai office tower valued at around HK$9 billion ($1.15… Read More>>

pan sutong trophy

Hong Kong’s Goldin Financial Global Centre Sold After Two Year Battle

2022/09/21 by Michael Cole Leave a Comment

Hong Kong’s Goldin Financial Global Centre has sold after a two year struggle over the Kowloon East office tower.

A social media post by Savills, which has been managing a tender of the 28-storey building on behalf of creditors stiffed… Read More>>

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