Hong Kong tycoons selling their assets to pay creditors leads Mingtiandi’s look at the region’s property news again today, with a veteran investor selling his family home to keep the bankers at bay and a fashion magnate disposing of an… Read More>>
Hong Kong’s Cassette King Marketing North Point Commercial Block After 44% Drop in Value
Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North Point area at a price reckoned to be as much as 44 percent below what he was asking for… Read More>>
Hong Kong’s Cassette King Sells Two Floors in The Center to DBS for $169M
Hong Kong tycoon David Chan Ping-chi is offloading his remaining holdings in Hong Kong’s fifth tallest building with the sale of his last two floors in the Center, after valuations for space in the 73-storey office tower plummeted by more… Read More>>
Hong Kong Land Sale Surprises as 10 Developers Bid and More Asia Real Estate Headlines
Unexpected enthusiasm leads Mingtiandi’s roundup of real estate news from around the region today as a government auction of a residential site in Hong Kong’s ho-hum market attracts 10 developers. PAG also makes the news with plans to up its… Read More>>
Tung Chee-Hwa Family Buys Pair of Floors in The Center for HK$1.3B
Sales of Hong Kong office space are on the way up, but at prices well below pre-COVID rates, as members of one of the city’s richest families recently picked up a pair of floors in Central at around 20 percent… Read More>>
Hong Kong Tycoon Sells Floor in the Center for $126.5M as Downturn Drags On
With tenants continuing to hand back offices in Hong Kong’s traditional business district, a local tycoon has sold off a floor in the Center on Queen’s Road after marketing the commercial asset for two years, according to market sources.
David… Read More>>
Hong Kong’s Cassette King Sells Stake in the Center at 35% Off
One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>
HK Investors Caught by Downturn After Paying Record $5.2B for The Center
With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>
Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B
Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>