Asia real estate and outbound investment news
Hong Kong heavyweight Henderson Land has applied for the compulsory sale of an ageing apartment block in the city’s Mid-Levels, aiming to add the asset to a redevelopment site with two already-acquired adjacent buildings.
The blue-chip builder holds 69.23 percent… Read More>>
One of Hong Kong’s richest men is wrapping up a HK$324.7 million ($42 million) purchase of a Kowloon property now worth just over half that amount, thanks to the city’s rapidly declining housing market.
Tai Hung Fai Group… Read More>>
After working since 2007 to acquire a site in Causeway Bay, Hong Kong-listed Soundwill Holdings has asked Hong Kong’s Lands Tribunal to lower the price for acquiring the remaining space in the property, as a slowing real estate market and… Read More>>
Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.
Henderson Land and Swire Properties have completed their acquisition of a set of ageing buildings in Hong Kong’s Quarry Bay at a valuation of HK$6.3 billion ($806 million) after securing the remaining spaces at a public auction Tuesday.
The compulsory… Read More>>
Henderson Land and Swire Properties have moved a step closer to redeveloping a site in Hong Kong’s Quarry Bay with a joint venture between the two property heavyweights recently winning approval for an auction which would pave the way for… Read More>>
Capping a more than nine-year process, Hong Kong-based Biel Crystal has acquired the last piece of a prime site in Kowloon East’s Kwun Tong area, paving the way for a 39-storey tower.
On 12 April the company took full ownership… Read More>>
Hong Kong’s Lofter Group on Wednesday acquired full ownership of a redevelopment site on Ap Lei Chau Island at a compulsory auction, with the value-add specialist now poised to transform the set of ageing buildings into a residential and retail… Read More>>
Hong Kong developer Wang On Properties has taken over an aging residential building in Southern District’s Ap Lei Chau for about HK$106 million ($13.6 million), with plans to redevelop the property and surrounding buildings into what could become a more… Read More>>
Property analysts gave mixed reviews to Hong Kong leader John Lee’s maiden policy address, praising a lowered threshold for compulsory sale applications but voicing disappointment that a deferred stamp duty refund for foreign homebuyers would have little impact.
In the… Read More>>
