Nine months after attempting to sell off a Cheung Sha Wan building by public tender, Hanison Construction surprised the market with the HK$800 million ($102 million) sale of a 50 percent stake in the PeakCastle commercial building in Hong Kong.
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
Hong Kong shouldered aside Tokyo to take the crown as the most active metropolitan investment market in Asia Pacific last year, with deals for income-producing assets jumping 39 percent year-on-year to $20.9 billion, according to a new report by Real… Read More>>
Leading today’s headlines in the world’s priciest property market, Hong Kong’s youth continue to expand the sharing economy from the office into their homes, and property sales in the city are expected to have totalled $103.6 billion in the now-departed… Read More>>
Hong Kong-based Phoenix Property Investors is reported to have invested HK$442 million ($56.5 million) to purchase commercial space in the lower floors of the V Heun Building in Central, according to an account in local newspaper Mingpao.
The latest reported… Read More>>
Merlin Swire will take over as chairman of blue chip Hong Kong developer Swire Properties as the sixth-generation Swire family scion moves into the top role for the Swire Pacific group, as well as its real estate and aircraft divisions.
Leading today’s Hong Kong roundup, the city’s pipeline of real estate funding has surged to $13.2 billion, the highest since the second quarter of 2015, as developers bag big bank loans. Also in the headlines, construction of small flats hit… Read More>>
Leading today’s Hong Kong real estate news, S&P Global Ratings has some ideas as to why mainland developers have suddenly stopped splurging on land in the city. Also in the headlines, a property brokerage says flexible office operators will lease… Read More>>
Global co-working space giant WeWork will expand into eight more cities in China this year, said Christian Lee, Managing Director of WeWork Asia at a press conference in Hong Kong.
With a combined ten centres in mainland China at present,… Read More>>
Hong Kong saw HK$16.3 billion ($2.1 billion) worth of commercial property transactions in January, surging 170 percent year-on-year and representing the second-highest monthly total in nearly five years, according to commercial property agency Midland IC&I.
The figure falls short of… Read More>>