Asia real estate and outbound investment news
New World Development has purchased its second commercial site within three months in Hong Kong’s Cheung Sha Wan area, bringing its total land purchases in the Kowloon neighborhood to HK$11.8 billion ($1.5 billion) since mid-February.
The top Hong Kong developer… Read More>>
Hong Kong’s Cheung Sha Wan market may get a little hotter next month when a newly renovated office building is set to be auctioned off in the active West Kowloon area. The 23-storey PeakCastle tower will be offered by public… Read More>>
Champion REIT produced a 15.7% jump in distributions to its unit holders in 2016 and the Hong Kong-based real estate investment trust’s freshly minted CEO expects even bigger things this year.
While the REIT sponsored by Hong Kong developer Great… Read More>>
Hong Kong-base real estate investment house Phoenix Property Investors has sold Kwun Tong View for $225 million (HK$1.99 billion) to a local private investor, according to a recent announcement by Colliers International, which represented Phoenix in the asset disposal.
The… Read More>>
Mainland conglomerate China Shipbuilding Industry Corporation (CSIC) set a new price record for Hong Kong’s West Kowloon area recently with its HK$259 million ($33.2 million) purchase of the two top floors of an office building, along with naming rights for… Read More>>
Maybe it’s the memories of jetliners buzzing the Kowloon shoreline, but China’s HNA seems to have a particular fondness for Hong Kong’s Kai Tak area. The mainland conglomerate is said to be finalising a deal to spend HK$2 billion ($257… Read More>>
With a record $5.32 billion of mainland investment into Hong Kong property last year, up from just $3.31 billion in 2015, mainland China investors are rapidly transforming the market for development sites and mature assets in the city.
Research by… Read More>>
Hong Kong has just finished taking bids for the first commercial site to be auctioned off in Central in the last 20 years, and the land sale could bring in as much as HK$18.6 billion ($2.4 billion) for the city’s… Read More>>
Hong Kong, home to the coffin apartment and the world’s highest office rents, ranks as the most expensive city in Asia to accommodate staff, and globally comes second only to New York for the cost of leasing a home and… Read More>>
HNA Group has touched down at the site of Hong Kong’s former airport for the fourth time in as many months, buying its fourth plot of land in Kai Tak in as many months.
In this most recent run, the… Read More>>
