Hong Kong development giant Sun Hung Kai has bought a hotel site in Cheung Sha Wan for HK$5.06 billion ($648.8 million), blowing past market expectations for the waterfront parcel and setting a per square foot price record for the city’s… Read More>>
Designing an Iconic Waterfront for a Growing Hong Kong Sponsored Feature
Hong Kong’s Victoria Harbour is about to be reshaped by a HK$12 billion redevelopment project, and a non-profit initiative jointly led by award-winning design firm Benoy is promoting discussion of how best to make use of the newest space where… Read More>>
Boss of China Minsheng Real Estate Unit Out After China Jinmao Raided by HK Anti-Graft Body
The chairman of a Hong Kong-listed developer controlled by China’s largest privately owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.
Wing Tai, CSI Team Up to Buy Site in Hong Kong’s Central for $1.5B
A pair of Hong Kong-listed developers, Wing Tai Properties and CSI Properties, has triumphed over eight other bidders to win the rights to redevelop a site in the city’s Central district, agreeing to pay a reported HK$11.6 billion ($1.49 billion)… Read More>>
Rosedale Hotel in Hong Kong’s Causeway Bay Sells for $211M
Hong Kong’s hotel investment market continues to heat up, with the Rosedale hotel in Causeway Bay reportedly selling to a director of Hong Kong’s Shun Ho Property Investments for HK$1.65 billion ($211.4 million).
Jonathan Cheng (鄭啟俊), a director of Shun Ho… Read More>>
Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central
Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.
The mainland financial institution… Read More>>
Tsuen Wan Industrial Building Bought Up for HK$258M
Aging industrial buildings continue to be hot property in Hong Kong, as a former workshop in the New Territories changed hands recently for HK$258 million ($33 million).
According to information released last week by the city’s Lands Department,… Read More>>
Henderson Picks Up $135M Redevelopment Site in HK’s Mid-Levels
Henderson Land Development is paying a total of HK$1.05 billion ($134.5 million) to buy out a seven-storey apartment building in the Hong Kong’s upscale Mid-Levels neighbourhood, which the property giant plans to redevelop into a 30-storey tower.
The developer controlled… Read More>>
Swatch Scores 53% Discount on Central Shop Space as HK Retail Rents Plunge
Shop rents in Hong Kong are falling, and in the case of Switzerland’s Swatch, the new retail reality means paying less than half of the former price for store space in the heart of the city’s Central district.
Swatch is… Read More>>
Decaying Workshop Sells for $158M in HK’s Tsuen Wan, Appreciating 808-Fold
An ageing industrial building in Hong Kong’s Tsuen Wan district has changed hands for HK$1.23 billion ($157.5 million) – appreciating nearly 81,000 percent over the past 45 years – reflecting investor enthusiasm for the asset class as the city government… Read More>>
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