The COVID-19 crisis has made real the unimaginable in many ways, and now Hong Kong is seeing a site on the world’s most expensive shopping strip being put on the market for the first time in a decade, Mingtiandi can… Read More>>
Hong Kong Shop Sold for Nearly Half Off as Virus Hits Retail
Shoppers have disappeared from the streets of Hong Kong, and with retail sales dropping, some store owners in Asia’s most expensive city have resorted to selling the shop.
A store along Nathan Road in Mongkok — normally one of Hong… Read More>>
Empty Kowloon Shop Sold at 41% Loss as HK Retail Falls Victim to Virus
A shop in Hong Kong’s Tsim Sha Tsui shopping district has been sold at a more than 41 percent loss as the city’s virus control measures crimp retail sales and push down commercial rents.
A property investment firm believed to… Read More>>
New World Sells Stakes in Hong Kong Malls to MTR for HK$3B
New World Development has sold its ownership interest in a pair of mid-market Hong Kong community malls to MTR Corporation for HK$3 billion ($380 million), according to a company announcement.
The developer said that it was disposing of its 50… Read More>>
Kailong Grabs Kowloon Site for HK$448M, Readies for Tsim Sha Tsui Project
Kailong Real Estate is preparing to start work on its latest Hong Kong project after purchasing a pair of ageing buildings in the Tsim Sha Tsui district of Kowloon, according to the firm’s top executive in the city.
A joint… Read More>>
Hong Kong’s First Group Buys Tsuen Wan Office Site for HK$980M
Hong Kong’s once-frenzied commercial property market is flagging as months of political turbulence take a mounting toll on the city’s economy. But a pair of recent sales in the New Territories and Kowloon totaling more than HK$1 billion show that… Read More>>
HK Investors Caught by Downturn After Paying Record $5.2B for The Center
With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>
Kerry Picks Up 26% of Hong Kong Co-Working Hub for HK$500M
Kerry Properties, a Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired 26 percent of an industrial building in Hong Kong’s southern district for HK$499.7 million ($64 million), according to a local media report citing government filings.
Kerry Properties Buys Apartment Block in Western Hong Kong for HK$514M
Kerry Properties, the Hong Kong-listed developer controlled by Shangri-La Hotels founder Robert Kuok, has acquired a block of flats in the city’s western district for a combined HK$514 million ($66 million).
Kerry, which is known for its Kerry Centre commercial… Read More>>
China Cinda Revealed as Buyer in HK$4.3B Deal for Kimberley Hotel in Hong Kong
State-owned “bad bank” China Cinda Asset Management has been revealed as the buyer of a hotel in Hong Kong’s Tsim Sha Tsui area, spending HK$4.3 billion ($550 million) on the asset despite a 70 percent slump in hotel investment during… Read More>>
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