Asia Pacific real estate investment news and information
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>>
Hong Kong-based Wing Tai Properties has sold off a commercial building in the city’s Wan Chai area for HK$2.85 billion ($364 million) to local property investment firm Winland Group, according to an announcement by Wing Tai today to the Hong… Read More>>
Over half the space in Swire Properties’ new office tower in its flagship Taikoo Place development has already been leased out, chief executive Guy Bradley announced at the project’s topping out ceremony in Hong Kong’s Quarry Bay today.
Among the… Read More>>
Hong Kong saw a 33 percent plunge in the number of private residential units that started construction last year, falling from 25,500 in 2016 to 17,000, according to figures from the city’s Transport and Housing Bureau.
Although the decline may… Read More>>
China Vanke, the mainland’s third-largest developer by sales, has launched its first property project in Hong Kong. The company’s Vanke Hong Kong arm announced that its 29-storey serviced apartment project, The Luna, is now available for pre-leasing and will officially… Read More>>
