With anti-extradition law protests rocking the core of Hong Kong, the property market in the world’s least affordable place to live has gone quiet in the past week.
With activity slowing, a US steak house has found a spot in… Read More>>
Warehouse Giant ESR Postpones $1.24B Hong Kong IPO as City Boils Over
With protests over an extradition bill bringing an estimated one million people into the streets over the weekend, and police firing over 150 rounds of tear gas at demonstrators in a single day, logistics real estate platform ESR Cayman has… Read More>>
Goldin Forfeits HK$25M Deposit to Walk Away From Record Kai Tak Land Purchase
Goldin Financial is abandoning its HK$11.1 billion ($1.41 billion) purchase of a commercial site on the former runway of Hong Kong’s Kai Tak airport, citing the city’s economic and social instability as motivation for its decision.
The aborted land buy… Read More>>
NYC Hedge Fund Takes HK$170 Per Square Foot Lease in Central’s IFC
Hundreds of thousands of people may be marching in Hong Kong’s streets and the famously expensive housing market has started looking shaky, but international financiers are still leasing pricey offices in Central, so at least its business as usual in… Read More>>
HKRI Buys Kowloon Luxury Residential Tower for HK$760M
Analysts are voicing growing uncertainty over the outlook for Hong Kong real estate, but a developer controlled by one of the city’s wealthiest families is confident enough in the market that it has just agreed to spend nearly $100 million… Read More>>
Henderson Land Applies for Compulsory Sale of HK$963M Site in Hong Kong’s Central
Henderson Land Development has applied for a compulsory sale of four aging buildings in Hong Kong’s Mid-levels, according to a filing at the city’s Lands Tribunal as the blue-chip developer continues to play its preference for redevelopment projects.
Should the… Read More>>
HK Housing Sales Jumped 50% in May, But Analysts Warn of Coming 10% Price Slide
Despite growing uncertainty over the US-China trade war and protests of a proposed extradition law, the value of homes sold in Hong Kong reached HK$78.4 billion in May, up 11.9 percent compared with April and 50.3 percent higher than the… Read More>>
Hong Kong Developers Look to Redevelop Old Buildings as Land Crunch Continues Sponsored Feature
More developers have been redeveloping old residential and commercial buildings, after finding it increasingly difficult to acquire… Read More>>
Indonesian Co-Working Player CEO Suite Takes Kowloon Office Forfeited by Kr Space
Jakarta-based co-working provider CEO Suite is opening a 27,000 square foot (2,508 square metre) office location in New World Development’s K11 Atelier in Tsim Sha Tsui, according to market sources who spoke with Mingtiandi, moving into a prime Hong Kong… Read More>>
Arch Capital Buys Office Building Just West of Central for Reported HK$1.9B
Arch Capital Management has agreed to acquire a commercial building in Hong Kong’s Sheung Wan area, the Hong Kong-based fund manager has confirmed to Mingtiandi, with sources familiar with the acquisition citing a price of HK$1.9 billion ($242 million) for… Read More>>
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