Mainland developer Fullsun International has acquired five floors in a Kowloon East office project from CSI Properties and Phoenix Property Investors for HK$1.3 billion ($169 million), a filing by the company shows. Fullsun’s announcement of the deal comes just a week… Read More>>
CSI Properties Said Close to Buying Kowloon Commercial Tower for HK$2.5B
CSI Properties is reportedly close to acquiring a commercial building in the Jordan area of southern Kowloon, Hong Kong for HK$2.45 billion ($312 million).
The Hong Kong-based developer operated by Mico Chung Cho-yee is locked in exclusive talks to buy… Read More>>
Walter Kwok Grabs HK$6B Clubhouse and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, former Sung Hung Kai chairman Walter Kwok has put down HK$6 billion to redevelop a 50-year-old clubhouse, and a project headed by a former sidekick of Richard Li has started selling off office… Read More>>
Link REIT Nets HK$3B from 2017 Deals and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Link REIT’s landmark sale of shopping malls to Gaw Capital and Goldman Sachs helped the trust reap a heap of money through property deals last year. Also in the headlines, Hong Kong developer… Read More>>
Richard Li Buys Central Project From CSI for HK$2B
Richard Li’s Pacific Century Premium Developments (PCPD) has agreed to pay HK$2 billion ($256 million) to a company run by a former associate of the second-generation tycoon in return for ownership of a prime housing site in Hong Kong’s Central… Read More>>
CSI, Wing Tai Plan HK$15B Office-Retail-Hotel Project in Central and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong news roundup, a pair of property firms that won a redevelopment site next to SoHo back in October have just announced plans to turn the prime piece of Central into a mixed-use commercial hub. Also in… Read More>>
Wing Tai, CSI Team Up to Buy Site in Hong Kong’s Central for $1.5B
A pair of Hong Kong-listed developers, Wing Tai Properties and CSI Properties, has triumphed over eight other bidders to win the rights to redevelop a site in the city’s Central district, agreeing to pay a reported HK$11.6 billion ($1.49 billion)… Read More>>
McD’s Flips China Business to CITIC and Carlyle for $2B and More Asia Real Estate Headlines
Mickey D’s has decided that selling out may be its best mainland strategy in 2017 – especially as it involves taking in more than $2 billion from CITIC and Carlyle. Also in today’s headlines, developer CSI cashes out in Causeway… Read More>>
CSI Properties to Raise HK$442M in Share Sale
CSI Properties became the latest Hong Kong-listed developer to head to the equity markets for new capital today when the company announced a HK$442.4 million (US$71.98 million) placement of new shares.
The developer controlled by Mico Chung Cho-yee said that… Read More>>
12 Square Metre Hong Kong Shop Sells for US$23M
The new record for most valuable commercial property in Asia belongs to 12 square metre (130 square foot) shop in Hong Kong’s trendy Causeway Bay shopping district.
The non-descript electronics shop at 77-83 Matheson Street near the popular Times Square… Read More>>