Asia real estate and outbound investment news
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 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>>
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>>
A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for HK$560 million ($72 million), with plans to convert the Tsuen Wan property into a… Read More>>
A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>
With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to… Read More>>
The Hong Kong property investment market’s status as a deal desert was confirmed on Wednesday with the appearance of what seems to be a 33-storey mirage.
Property consultancy Savills has prepared a marketing document promoting Three Exchange Square in the… Read More>>
Li Ka-shing’s CK Asset said Thursday that a deal to sell its 21 Borrett Road luxury project in Hong Kong’s Mid-Levels to Sino Suisse fell through after the Singapore-based firm failed to make the first payment on the HK$20.8 billion… Read More>>
A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46… Read More>>
The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>
