A founder of a Hong Kong-listed mainland developer appears to have taken a 30 percent haircut on an office investment in the New Territories as the city’s commercial real estate market continues to slip this year.
A set of three… Read More>>
Vantone Buys Hong Kong Hotel at 30% Discount as Tourist Drought Continues
A hotel in Hong Kong’s Sai Ying Pun district recently changed hands for HK$310 million ($40 million), taking a 30 percent shave off the HK$450 million asking price when it was put on the market in May.
Beijing-based Vantone Holdings,… Read More>>
Building on Hong Kong’s Nathan Road Retail Strip Sells at 50% Off
A 16-storey building on Kowloon’s bustling Nathan Road commercial strip sold this past week at a 50 percent discount as Hong Kong’s property market continues to slide.
According to local media citing Land Registry records, the Tung Cheong Commercial Building… Read More>>
Hong Kong’s Shop King Puts Wanchai Asset on Market for HK$450M
Hong Kong’s ‘Shop King’ Tang Shing-bor has put a building in Wanchai up for sale at HK$450 million ($58 million), marking the fourth time this year that one of the city’s most prolific property investors has put assets on the… Read More>>
Chuang’s Consortium Secures Redevelopment Site in Hong Kong’s Central
Halfway through a year of public health crisis and political controversy in Hong Kong, the city’s real estate developers continue to take extraordinary measures to acquire prime sites, with Chuang’s Consortium having snapped up a redevelopment site in… Read More>>
China Resources Unit Said Buying HK Industrial Asset for HK$820M
A branch of one of China’s largest state-owned conglomerates is growing its footprint in Hong Kong with the HK$820 million ($106 million) purchase of an industrial asset in the eastern New Territories, as mainland players return to the Hong Kong… Read More>>
Hanison Seeks Buyer for HK$370M Kowloon Commercial Tower
Hanison Construction Holdings is seeking a buyer for a newly refurbished commercial property in Kowloon valued at HK$370 million ($48 million) – more than double the price the company paid for the property in 2017.
Payson Cha’s Hong Kong-listed firm… Read More>>
HK-Listed Builder Buys Mong Kok Residential Site for HK$330M
Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 million ($42.6 million), according to a local news report yesterday.
The company, which is part of the Vantage Group alongside its Able Engineering… Read More>>
Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living
Hong Kong’s “Shop King”, Tang Shing-bor, has put a portfolio of commercial and residential properties on the market for a combined HK$1.5 billion ($190 million), according to a local news report.
Property consultancy Savills, which is marketing the Kowloon and… Read More>>
Kailong Sells 8 Floors in Central for HK$350M Despite HK Downturn
Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s Sheung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy… Read More>>
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