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>>
WeWork Gears Up for 8-City Push into South China, Second-Tier Markets
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>>
HK Commercial Deals Jump 170% in January as Demand for Assets Surges
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>>
Wing Tai Sells Wan Chai Commercial Building to Winland for HK$2.85B
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>>
Facebook, Baker Mac Help Swire Pre-Lease Over Half of One Taikoo Place
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 Housing Starts Dropped 33% in 2017 After 2016 Surge
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>>
Vanke Debuts in Hong Kong with Launch of 29-Storey Serviced Residence
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>>
Chinachem Outbids 24 Developers to Win Kwun Tong Site for $397M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city’s Kowloon East, shouldering aside 24 other bidders to offer HK$3.1 billion ($397 million).
Other competitors for the site… Read More>>
Regus Takes 2 Floors at Gaw’s Kwun Tong Project and More Hong Kong Real Estate Headlines
The continuing rise of flexible office providers leads Hong Kong’s real estate news again today as Regus is said to take up two floors in a former industrial building in the Kwun Tong area of Kowloon East. Also in the… Read More>>
Hermès Said Selling Floor in Hong Kong’s The Galleria to Chelsfield for $115M
British property developer Chelsfield is said to be buying the ground floor of The Galleria, a shopping centre in Hong Kong’s Central commercial hub, from French luxury brand Hermès for HK$900 million ($115 million), according to a local media report.
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