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Gale Well vice chairman and CEO Jacinto Tong

Hong Kong Tycoon Drops Price for Beachfront Complex by 25% as Fire Sale Heats Up

2025/06/03 by Iris Hong Leave a Comment

Hong Kong’s Gale Well Group has slashed the price for a beach villa complex in the city’s Southern District by 25 percent over the past four months, as the financially-troubled property investment firm seeks to accelerate asset disposals.

The owner… Read More>>

Cheng Kar-Shun, NWD

New World $11B Refinancing Spooks Hong Kong Bankers and More Asia Real Estate Headlines

2025/05/29 by Michael Cole Leave a Comment

New World Development leads this edition of Mingtiandi’s headline roundup, with the Hong Kong heavyweight testing banker nerves with its high-wire act over an $11 billion loan refinancing. Also making the list, Singapore’s Perennial plans a new hospital in China… Read More>>

far east finance centre lippo

Office Floor in Hong Kong’s Admiralty District Sells for 17-Year Low

2025/04/15 by Iris Hong Leave a Comment

An office floor in Hong Kong’s Admiralty district has sold for a price not seen since the global financial crisis of 2008, as commercial property values in the Asian business hub continue to plummet.

Financially troubled property investor Gale Well… Read More>>

Gale Well vice chairman and CEO Jacinto Tong

Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out

2024/11/26 by Kevin He Leave a Comment

Hong Kong-based property investment firm Gale Well Group in the last two months has put up for sale a set of properties worth around a combined HK$1.6 billion ($202 million), as the privately held company’s founder declares plans to take… Read More>>

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