Surfing twin waves of credit from the US and China that have driven prices up by 60 percent in the last eight years, Hong Kong has become one of the world’s most unaffordable places to buy a home. Now UBS… Read More>>
Hong Kong’s Link REIT Sells Off 5 Malls for HK$1.7B
Link Asset Management Ltd, which manages Hong Kong’s Link REIT announced today that the real estate investment trust has sold off five of its retail properties for a total of HK$1.7 billion ($219 million).
The five shopping malls, all in… Read More>>
Hong Kong Has World’s Highest Office Rents and More China Real Estate Headlines 2015-10-15
Every day Mingtiandi scans the web and curates the day’s biggest stories for you. Here’s what we found today:
Hong Kong World’s Priciest Place for Prime Offices
Land-scarce Hong Kong is the most expensive city in the world to rent… Read More>>
Did Jack Ma Just Spend $193M on a Hong Kong Home?
Alibaba’s Jack Ma may be the hero of Hangzhou, but following his company’s $25 billion IPO last year, the Chinese tech giant appears to have picked up a pied-a-terre in Hong Kong.
Ma is reported by the South China Morning… Read More>>
China Vanke Buys Third HK Site for $490 Million
China’s second-largest developer by sales continued to expand its holdings outside the mainland this month as Shenzhen-based Vanke agreed to pay HK$3.8 billion ($490.12 million) for a residential site in Hong Kong’s New Territories.
Vanke, which is led by billionaire… Read More>>
Colliers Makes CBRE’s Nigel Smith Its New Head for HK
Colliers International announced on Friday that it has brought over Nigel Smith from rival CBRE to become its new managing director in charge of its Hong Kong business.
The hire of Smith, who formerly managed CBRE’s office leasing services for… Read More>>
Leung’s Secret Deal Synced with Denial of Rival DTZ Bid
New information has come to light about the timing of a secret agreement between now-Hong Kong chief executive CY Leung and an Australian engineering firm involving its 2011 acquisition of real estate agency DTZ, which could put the embattled leader… Read More>>
How CY Leung Legally Collected $6.5M Fee on DTZ Sale (Really)
Most observers agree that Hong Kong chief executive CY Leung did nothing illegal in extracting a $6.5 million payment for his part in the $124 million 2011 sale of DTZ to UGL.
However, as more details emerge about the timing… Read More>>
Eating Lunch and Snapping Selfies Atop a 346-Metre Tower in HK
After two Russians scaled the Shanghai Tower to film themselves dangling from the world’s second-tallest building, it seems to have started a new fad of climbing office towers just to show the world how tiny it looks from way,… Read More>>
HK’s DLN Architects Builds Management Team with Twin Promotions
Dennis Lau and Ng Chun Man Architecture & Engineers Limited today announced that Alexander Lush and Christine Kwan, in recognition of their service to the company’s clients, have been promote to become directors of the company’s Hong Kong office.
Both… Read More>>