Leading today’s Hong Kong real estate news, 2017 marked a 13-year high for the construction of private flats. And if that’s not enough to ease the city’s housing crisis, the operator of Kwai Tsing port facility is talking about building… Read More>>
Fortune REIT, which is managed by an affiliate of billionaire Li Ka-shing’s CK Asset Holdings, announced this week that it is selling the Provident Square shopping centre in Hong Kong’s North Point area for HK$2 billion ($256 million). The buyer… Read More>>
An auction leads off today’s real estate headlines in Hong Kong, as an old industrial building Kwun Tong sold for over HK$1.6 billion. Redevelopment also looks on the way for a set of aging shops in Kowloon’s Tsim Sha Tsui… Read More>>
Singapore-listed developer and investor Mapletree issued a flurry of news this week, including plans to raise $751 million in new cash through unit sales in a listed trust. In Hong Kong, Hang Lung’s Ronnie Chan, who bet heavily on China’s… Read More>>
ARA Asset Management (Fortune) Limited, the manager of Li Ka-shing controlled Fortune REIT has now closed on its HK$1.9 billion ($245 million) acquisition of the Laguna Plaza residential retail complex in Hong Kong, according to a recent statement from the company.