One of Hong Kong’s most aggressive real estate speculators is making good on a pledge of love for Kowloon East, as Hugo Lam Chi-fung has scooped up a Kwun Tong industrial site for HK$1.6 billion ($204 million).
This latest real… Read More>>
World’s Most Expensive Office Tower Ready to Be Sold Off Floor By Floor
Nearly six months after Li Ka-shing’s CK Asset Holdings sold Hong Kong’s The Center skyscraper to a consortium of investors for HK$40.2 billion ($5.15 billion), the world’s most expensive office building is poised to be divvied up among its new owners… Read More>>
Floor in Hong Kong’s World-Wide House Sells For HK$735M, Breaking Record Price
Hong Kong’s Central district has become the place where office price records go to be shattered. Less than a week after a floor in 9 Queen’s Road Central sold for a city-wide record of HK$60,000 ($7,643) per square foot, a… Read More>>
PAG Said Gearing Up for New $6B Asia Buyout Fund
Hong Kong-based alternative investment firm PAG is planning a new Asia buyout fund with a target of $6 billion, according to a Reuters account citing people with knowledge of the plan. PAG has reportedly started canvassing investors about the vehicle… Read More>>
Floor in 9 Queen’s Road Central Poised to Break Hong Kong Price Record
In a city known for its stratospheric real estate prices, an office space smaller than a sheet of A3 paper may now cost you more than $7,600. A floor in 9 Queen’s Road Central, an office tower in Hong Kong’s… Read More>>
CBRE Hong Kong Taps Daniel Mok To Lead New Strata-Title Sales Team
CBRE Hong Kong is boosting its Capital Markets team by adding a new specialty group focussed on strata-title and mid-market sales, as individually owned commercial floors command record prices in the city.
The international brokerage has tapped Daniel Mok to lead… Read More>>
Link REIT Mall Investor Sells Three Office Floors in Kowloon For $148M
A private investor who owns a portfolio of Link REIT shopping centres is reported to have sold three office floors in a Kowloon city residential and commercial complex for HK$1.16 billion ($148 million), according to local media accounts.
The third,… Read More>>
Heir to HK’s Shop King to Redevelop Industrial Building in JV with Chinese Estates
As a new generation takes over leadership of major Hong Kong developers including CK Assets and New World Development, the heir of the city’s “shop king” Tang Shing-bor is building on a relationship with a HKEX-listed developer first forged by… Read More>>
Starcrest Scores $277M Final Close of Second China Real Estate Fund
Private equity shop Starcrest Capital Partners has achieved a $276.5 million final close of its second China real estate fund, the Hong Kong and Shanghai-based company announced.
The vehicle’s limited partners include banks, endowments, pension funds, asset managers and family… Read More>>
CSCEC Unit Buys Macau Retail Project From Sniper Capital for $102M
China State Construction International (CSCI), a Hong Kong-registered subsidiary of China State Construction Engineering (CSCEC) has teamed up with another mainland investor to acquire a retail project along Macau’s landmark Senado Square for HK$800 million ($102 million). The deal by… Read More>>