Hong Kong billionaire Tang Shing-bor, known as the city’s “Shop King”, is trading an 80-room hotel in Wan Chai in exchange for a potential housing site in Sai Kung, a suburban area of the city, in a deal that involves… Read More>>
Hong Kong Motor Maker Puts Chai Wan Building on Market for HK$1.2B
Hong Kong’s Chai Wan property market may get a little hotter this month as a converted industrial building is auctioned off on the east end of Hong Kong island.
The 11-storey Johnson Place will be offered to interested buyers via public… Read More>>
HK Industrial Project Sells for $98M on Way to Becoming Data Centre
The redevelopment trend in Hong Kong’s largest logistics hub continues to heat up as an unnamed investor bought a 53,000 square metre industrial facility at 2-16 Lam Tin Street in Kwai Chung district for HK$770 million ($98 million), according to… Read More>>
PAG Pulls in HK$600M Profit Selling Hong Kong Data Centre
Alternative investment firm PAG has reportedly made a profit of HK$600 million ($76.44 million) via its recent sale of a data centre in the Hong Kong industrial district of Kwai Chung, less than three years after purchasing the property.
Having… Read More>>
Shop in Suburban Hong Kong Mall Sells for Over US$28K Per Square Foot
As property prices in Hong Kong continue to surge, even 20 square metre shops 17 kilometres from downtown are trading at record prices as the world-leading rates from Hong Kong island are pulling up markets more than half an hour’s… Read More>>
Investor in Hong Kong’s The Center Announces Plan to Sell Single Floor in 12 Pieces
Another member of the consortium behind last year’s landmark HK$40.2 billion ($5.15 billion) acquisition of the Center on Hong Kong’s Queen’s Road is getting ready to flip his floor of the iconic office tower — but not before slicing it… Read More>>
Angelo Gordon, Chellaram’s Aim for 37% Profit Just Six Months After Buying Kowloon Assets
Angelo, Gordon & Co and the family behind the Chellaram trading and transport company are offering to sell a set of three office floors in Kowloon East for around 37 percent more than they paid to purchase them… Read More>>
Investors Leong and Tang Put HK$12.5B in Hong Kong Properties Up for Sale
Two of Hong Kong’s best known real estate investors were revealed this week to have put a total of over HK$12 billion ($1.5 billion) worth of local properties on the market, leading to speculation over the market outlook of the… Read More>>
Mainland Investors Dominate as Big Ticket HK Office Deals Jump by 136% in One Year
While restrictions on outward flows of capital have been blamed for drop-offs in Chinese investment in the US, UK and Australia, the impact of mainland money is still being felt in Hong Kong, where investors from north of the SAR… Read More>>
China Resources Land Revealed as Buyer of HK$5.9B Hong Kong Housing Site
China’s clampdown on outbound capital may have brought low once-powerful investors such as Dalian Wanda and HNA, but at least some players still have some cash to spend across the border, as a company controlled by directors of Shenzhen-based developer… Read More>>
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