Hong Kong-listed real estate developer Henderson Land is leading a consortium of property firms in the city in an effort to raise about HK$46 billion ($6 billion) via bonds and loans, according to sources cited by Bloomberg. to push forward a… Read More>>
Chinachem Group Buys $1.63B Kowloon Condo Site in Hong Kong
Hong Kong-listed real estate developer Chinachem Group was announced on Monday as the winner of a public tender for a residential site in the Ho Man Tin area of Kowloon East estimated to be worth nearly HK$13 billion ($1.66 billion).
Henderson Land Wins HK$1.36B URA Project in Sham Shui Po
Hong Kong’s Urban Renewal Authority on Tuesday announced on its website that Henderson Land had won a tender for a mixed-use project in Kowloon’s Sham Shui Po area with a bid of HK$1.368 billion ($175 million).
The victorious bid by… Read More>>
Evergrande Hopes to Pawn Hong Kong Office Tower in Return for $1.5B Loan
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
Rykadan Capital Forces Compulsory Sale of HK$315M Wanchai Property
Hong Kong-listed Rykadan Capital has taken a major step towards developing a 30-storey commercial tower in the city’s Wanchai district after buying up nearly 90 percent of an aging building on Jaffe Road two MTR stations east of Central.
The… Read More>>
China Railway Construction Stars as Beijing Sells Trio of Sites for RMB 7.9B
Restrictions on China’s real estate market have not completely snuffed out developer demand for new sites, as Beijing last week successfully sold a trio of suburban land plots, fattening the city’s coffers by a total of RMB 7.95 billion ($114.72… Read More>>
GIC Said to Buy Perth’s Exchange Tower for A$320M
Singapore’s sovereign wealth fund GIC is said to have successfully won a tender for a prime office building in Perth, Australia, paying more than A$320 million ($228 million) to the building’s existing joint owners AMP Capital and Primewest, according to… Read More>>
Former SHK Chairman Walter Kwok Dies at 68
Walter Kwok, once the chairman of Hong Kong’s largest property developer, Sun Hung Kai, passed away Saturday morning in the city’s Adventist Hospital, according to a report in the South China Morning Post.
The death of Kwok, who inherited part… Read More>>
SMBC, Dufry Sign New Leases in Kowloon’s Hung Hom Area as More Corporates Flee Central
While Hong Kong’s investment market has slowed down in the past two months, excitement over the opening of the Hong Kong-Zhuhai-Macau bridge is helping to give the city’s office rental market a boost, especially in the emerging Kowloon East commercial… Read More>>
Mainland Co-Working Heavyweight Ucommune Acquires Rival Fountown
Chinese co-working giant Ucommune continued its 2018 expansion streak by fully acquiring its Shanghai-based rival Fountown, adding 26 locations in Beijing and Shanghai to its mainland portfolio.
“I’m positive about the future growth outlook of the co-working economy in China… Read More>>
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