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Nick Tang Wang On

Wang On Buys Building Opposite APG JV Redevelopment Project in Hong Kong

2023/01/23 by Greg Isaacson Leave a Comment

Hong Kong developer Wang On Properties has taken over an aging residential building in Southern District’s Ap Lei Chau for about HK$106 million ($13.6 million), with plans to redevelop the property and surrounding buildings into what could become a more… Read More>>

HQ in Mong Kok, Hong Kong

Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up

2023/01/17 by Greg Isaacson Leave a Comment

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Stanley Land Sale Fails as Four Bidders Fall Short of HK Government’s Target

2023/01/15 by Mingtiandi Team Leave a Comment

The tender for Hong Kong’s first residential plot of 2023 was withdrawn on Tuesday, as offers from four bidders for a luxury site in the Stanley area failed to reach the government’s expectations after analysts had predicted it might sell… Read More>>

Goldin Financial Global Centre 2

PAG, Mapletree Confirm $713M Buy of Hong Kong’s Goldin Financial Global Centre

2023/01/12 by Christopher Caillavet Leave a Comment

PAG and Mapletree Investments said Thursday that they have agreed to form a joint venture to acquire Hong Kong’s Goldin Financial Global Centre from the property’s receivers for HK$5.6 billion ($713 million), confirming a Mingtiandi report from last month.

The… Read More>>

Simon Smith of Savills

Hong Kong Strata Industrial Sales Crash 66% in Q4 as Supply Chain Woes Continue

2023/01/10 by Greg Isaacson Leave a Comment

Modern warehouse rents in Hong Kong declined 1.5 percent in the fourth quarter of last year as a slumping logistics market weighed on local third-party logistics (3PL) operators, while sales of stratified industrial space plunged 66 percent during the quarter,… Read More>>

Josh Stone Colliers

Colliers Hires Joshua Stone as Senior Director of Office Services in Hong Kong

2023/01/09 by Christopher Caillavet Leave a Comment

Colliers has announced three high-level appointments in Hong Kong, led by the hiring of Joshua Stone to serve as a senior director in the office services department.

Most recently a director in the office leasing advisory at JLL Hong Kong,… Read More>>

Simon Smith of Savills

Hong Kong Retail Rents Not Likely to Rise More Than 5% in 2023

2022/12/30 by Christopher Caillavet Leave a Comment

Investors hoping for a major turnaround in Hong Kong’s retail market in the new year may need to adjust their expectations, with property services firm Savills predicting that currently depressed rents are unlikely to rise by more than 5 percent… Read More>>

Nick Tang Wang On

Angelo Gordon, Wang On Buying Kowloon Hotel From New World for $260M

2022/12/29 by Christopher Caillavet Leave a Comment

Wang On Properties has announced its first hospitality investment, teaming with US private equity shop Angelo Gordon to purchase the Pentahotel Hong Kong from New World Development for HK$2 billion ($260 million).

The 695-room hotel in Kowloon contains 285,000 square… Read More>>

WONG Kin Yip, Freddie Midland

Hong Kong Agency Midland Warns of Loss as Home Sales Near 27-Year Low

2022/12/28 by Christopher Caillavet Leave a Comment

Hong Kong property agency Midland Holdings expects to report a full-year loss after recording an estimated net loss attributable to shareholders of HK$480 million ($61.6 million) for the first 11 months of 2022.

The anticipated result would reverse the company’s… Read More>>

Jesse Lu SEA Holdings

SEA Holdings to Sell Half-Stake in Repulse Bay Luxury Project to Hon Kwok Land

2022/12/27 by Christopher Caillavet Leave a Comment

SEA Holdings is selling a half-stake in its luxury residential project in Hong Kong’s Repulse Bay area just 10 months after the local developer picked up the site for HK$1.19 billion ($152.3 million) at a government auction.

The HKEX-listed builder… Read More>>

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