Hong Kong’s New World Development has agreed to sell its entire interest in a sports complex at the former Kai Tak Airport site to Chow Tai Fook Enterprises, the private holding firm of New World’s controlling Cheng family, for HK$416.7… Read More>>
Receivers Sell Former Cheung Kei Hong Kong HQ at 62% Off as Banks Take Haircut
Hong Kong Metropolitan University (HKMU) has agreed to buy a Kowloon office building that once served as the Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the asset lost nearly two thirds of its value… Read More>>
Hong Kong’s Gale Well Group Marketing $202M Portfolio as Founder Calls for a Time Out
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>>
Sale of Kowloon Office Block Faces Hurdles as $385M China Mobile Offer Reported
China Mobile is reportedly in talks to acquire the former Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the grade A office asset lost nearly two thirds of its value over the past two years.
Hong Kong Investor Lai Wing-To Sells Wan Chai Serviced Apartment Block for $21M
Hong Kong property investor Lai Wing-To has sold a serviced apartment block in the city’s Wan Chai area, as the “Ten Billion Shop King” continues to sell down his property portfolio amid plunging commercial real estate valuations in the Asian… Read More>>
Kaisa Marketing Hong Kong Headquarters Floor for $64M After 43% Drop in Value
Defaulted Chinese developer Kaisa Group Holdings is marketing an office floor which serves as its headquarters in Hong Kong, with the strata-titled asset having lost nearly half its value since the company purchased the space over five years ago.
Shenzhen-based… Read More>>
Hong Kong’s Link REIT Grows Revenue 6.4%, Still Struggles with Declining Valuations
Despite posting revenue and net property income growth of 6.4 percent and 5.8 percent in the six months ended 30 September from the same period last year, respectively, Link REIT’s improving operating performance was unable to offset widening fair value… Read More>>
Tycoon Edwin Leong’s Tai Hung Fai Completes $42M Purchase of $24M Kowloon Property
One of Hong Kong’s richest men is wrapping up a HK$324.7 million ($42 million) purchase of a Kowloon property now worth just over half that amount, thanks to the city’s rapidly declining housing market.
Tai Hung Fai Group… Read More>>
Emperor Entertainment Hotel Sells Hong Kong Serviced Apartment Block for $35.4M
Emperor Entertainment Hotel, the HKEX-listed hospitality arm of Hong Kong-based conglomerate Emperor Group, has agreed to sell a 57-unit serviced apartment block in Hong Kong’s Kennedy Town area for an agreed property value of HK$275 million ($35.4 million), after the… Read More>>
HSBC, DBS Executives Buy Hong Kong Luxury Homes as Financing Improves
A pair of senior executives from HSBC and DBS have purchased luxury apartments in Hong Kong in a duo of high-end deals registered last week, just days after the Hong Kong government introduced measures making it easier to finance home… Read More>>
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