Hong Kong Metropolitan University (HKMU) has acquired a 255-key hotel in Kowloon’s Hung Hom area for use as student housing, as the educational institution seeks to expand its accommodation space amid an influx of mainland Chinese students in the city.
Lai Sun Selling 10% Stake in $2.2B Hong Kong Office Building to AIA
Hong Kong-listed builder Lai Sun Development has agreed to sell its 10 percent stake in the AIA Central office building in Hong Kong’s Central district to AIA Group in return for HK$1.4 billion ($181.5 million) in cash, plus assumption of… Read More>>
Goldman, KaiLong Selling Hong Kong Commercial Building for $89M
Goldman Sachs and Hong Kong’s Kailong Group have sold a newly developed commercial building near Central for around $33 million less than they paid to acquire the site seven years ago, as property values in the Asian financial hub continue… Read More>>
Hong Kong’s New World Selling New Territories Mall to Chinachem for $514M
New World Development is selling a shopping centre in Hong Kong’s Tsuen Wan area to Chinachem Group at a one-third discount from its reported asking price, as the Hong Kong-listed builder continues to pare its investment portfolio as part of… Read More>>
Family of Jailed Vietnamese Tycoon Sells Hong Kong’s Nexxus Building for $819M
The family of jailed Vietnamese property tycoon Truong My Lan has sold a grade A office building in Hong Kong’s Central district to entities linked to a Taiwanese tech tycoon for a reported HK$6.4 billion ($819 million), as the family… Read More>>
Hong Kong Investor Selling Down $1.9B Property Portfolio as Commercial Slump Drags On
A Hong Kong investor who once estimated his direct property holdings at HK$15 billion (US$1.9 billion) has put his HK$460 million oceanfront mansion on the block and is marketing a pair of commercial assets in Causeway Bay and Central together… Read More>>
China Resources Acquires Hong Kong Retail Podium from Francis Law for $40M
A real estate arm of state-owned China Resources Group has acquired a retail podium in Hong Kong’s Kwai Fong area from local investor Francis Law Sau-fai for HK$310 million ($39.7 million), with property owners in the Asian financial centre showing… Read More>>
PGIM Buying Ovolo Sheung Wan Hotel as Hong Kong Rental Residential Portfolio Grows
PGIM Real Estate has agreed to acquire a boutique hotel in Hong Kong’s Sheung Wan district as the fund manager continues to snap up hospitality assets in the Asian financial centre for conversion into rental housing.
The property investment arm… Read More>>
Henderson Adds to Kowloon Pipeline with Acquisition of Tsim Sha Tsui Building
Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as the developer continues to build out its presence in Kowloon.
Two months after winning approval from Hong Kong’s Lands… Read More>>
Li Ning Buying Office Tower From Henderson for $283M to Set Up Hong Kong HQ
Chinese gymnastics legend Li Ning made his name being fearless on the pommel horse and rings, and now the sportswear company that bears his name is vaulting into a Hong Kong office market where many investors fear to venture.
China’s… Read More>>
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