Wang On Properties looks set to add another suburban residential project to its pipeline as the Hong Kong-listed developer has been identified as the buyer behind the recent HK$580 million ($74.5 million) purchase of a more than 80 percent piece… Read More>>
Nan Fung Buys Up Jardine’s Lookout Luxury Site in Hong Kong
Nan Fung Development continues to bet on Hong Kong Island’s luxury residential market, reaching just under 70 percent ownership last month of a set of lane houses in Jardine’s Lookout through a series of purchases which totalled over HK$1 billion… Read More>>
Henderson Land Acquires Residential Site in Hong Kong’s Mid-Levels in $66M Deal
Henderson Land Development this week moved a step closer to creating a new luxury residential project in Hong Kong’s Mid-Levels, with its acquisition of a property valued at HK$522.1 million ($66.9 million) through a compulsory sale for redevelopment.
Hong Kong’s… Read More>>
Far East Consortium Selling Kai Tak Commercial Project to CLP for $433M
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Blackstone Buys Hong Kong Industrial Building for Self-Storage JV
US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>
Hong Kong’s Minibus King Sells Kwun Tong Industrial Building for 35% Off
Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Hines Fund Buys Butterfly Hotel in Hong Kong to Create Co-Living Complex
US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm plans to convert into a co-living flagship to be managed by local residential operator Dash Living.
The 18-storey asset… Read More>>
Aoyuan Sells Project in Hong Kong’s Mid-Levels at a Loss Amid Cash Flow Crisis
Cash-strapped mainland developer China Aoyuan Property Group this month agreed to sell off a redevelopment project in Hong Kong’s Mid-Levels to raise cash, and is expecting to recognise an estimated loss of HK$176.6 million on the disposal, according to an… Read More>>
Link REIT Buys Hong Kong Auto Facilities, Guangdong Sheds for Combined $865M
Just days after unveiling its acquisition of a trio of retail assets in Sydney, Link REIT has announced the purchase of four more properties in a single day to bring its deal total for the week to nearly $1.26 billion.
Company Controlled by Family of HK’s Teresa Cheng Buys $75M Tower
A company controlled by the family of Hong Kong secretary for justice Teresa Cheng is jumping into the city’s industrial property boom with a HK$585 million ($75.2 million) purchase in the New Territories, according to an announcement this month to… Read More>>
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