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>>
Weave Buys Fourth Hong Kong Property for HK$515M
Less than four months after acquiring its third property in Hong Kong, co-living operator Weave has purchased its fourth and largest building in the Asian financial hub, according to sources familiar with the transaction who spoke to Mingtiandi.
The Warburg… Read More>>
Hanison Seals HK$741M Deal to Buy Hong Kong Tower From CapitaLand
Despite the impact on Hong Kong’s hotel industry after months of escalating social unrest, a select number of players are doing some bargain hunting in the Asian financial hub.
Among the most active purchasers this year has been Payson Cha’s… Read More>>
Kimberley Hotel in Hong Kong’s Tsim Sha Tsui Said to Receive HK$4.8B Offer
A four-star hotel in Hong Kong’s Tsim Sha Tsui district, which fell into receivership after its owner was tortured to death on the mainland has received an offer from an interested buyer, according to a report in the Hong Kong… Read More>>
SEA Holdings Buys Office Block in HK’s Central After Reported 35% Price Reduction
Hong Kong-listed SEA Holdings has acquired the majority of a 24-storey office building in the city’s Central district for HK$780 million ($99.53 million), with the sale reportedly taking place after the owners agreed to drop the price by more than… Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
US Pension Fund Revealed as Backer of HK$420M Buy of HK Apartment Tower
The buyer of a serviced apartment building at 111 High Street in Hong Kong has been revealed by market sources as a recently formed private equity fund manager backed by a US pension fund.
Hong Kong-based Crane Capital has agreed… Read More>>
Hong Kong Building Next to Hanison Acquisition in Chai Wan Sells for HK$948M
Johnson Electric has sold a converted industrial building in Hong Kong’s Chai Wan for HK$948 million ($121 million), after an attempt to sell the project for HK$1.2 billion via tender late last year failed to result in a sale.
The… Read More>>
Hong Kong Hotel Designer Andre Fu Buys Floor in Central for HK$82M
Hong Kong hotel designer and Macau casino heir Andre Fu, has purchased a floor in a commercial building in Hong Kong’s Central district for HK$82.01 million ($10.5 million), according to a report in the Hong Kong Economic Times.
Andre Fu,… Read More>>
K&K Property Buys Kowloon Project From CSI for HK$1.8B
Hong Kong’s K&K Property has acquired three 1960s-era buildings in Tsim Sha Tsui for redevelopment, according to Knight Frank, which brokered the deal on behalf of the developer founded by Laws Group boss Law Ting-pong
In the latest in a string… Read More>>
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