New World Development has picked up its third commercial site this year in the Cheung Sha Wan area of Hong Kong for HK$2.97 billion ($380 million), bringing its total 2017 land purchases in the Kowloon neighbourhood to HK$15 billion ($1.92… Read More>>
CLSA Capital Partners Sells Hong Kong’s Zing! Retail Centre for $269M
CLSA Capital Partners has sold Zing!, a 27-storey retail centre in the heart of Hong Kong’s Causeway Bay retail district, for HK$2.1 billion ($268.6 million).
The undisclosed buyer is reported to have paid for Zing! by selling The L. Plaza,… Read More>>
Gaw-Backed Florentia Village Opens Hong Kong, Wuhan Outlets
Chinese shoppers with a taste for discounted luxury goods are in luck, as Florentia Village expands its network of designer outlets into central China and Hong Kong.
The chain of suburban shopping venues has recently unveiled its first location on… Read More>>
Hong Kong Sauce Maker Buys London’s Walkie Talkie for Record $1.7B
Sauce maker Lee Kum Kee Group is the latest Hong Kong investor to stir up the London real estate market, buying a landmark office tower in the City of London for £1.3 billion ($1.7 billion), the highest price ever paid… Read More>>
Sino Land Grabs Waterfront Hong Kong Home Site for HK$1.38 Bil
Hong Kong developer Sino Land has outbid dozens of rivals to win a residential land site in the New Territories for HK$1.38 billion ($176.7 million), setting a new price record for Hong Kong’s Ma On Shan area in Sha Tin.
Naked Hub Unveils First Hong Kong Co-Working Centre in Sheung Wan
naked Hub, the Shanghai-based co-working startup, has just landed in Hong Kong, unveiling its first centre outside the mainland in the city’s Sheung Wan area. The new facility marks a milestone for the company backed by Gaw Capital as it… Read More>>
Champion REIT Looks to Sell Langham Place Office Tower as HK Market Surges
Champion REIT, a listed trust sponsored by Hong Kong developer Great Eagle, is testing buyer interest in the HK$8.5 billion ($1.1 billion) Langham Place office tower in Mong Kok, as a flurry of major deals drives record-high property values in… Read More>>
China Resources Land Buys Hong Kong Central Site for $141M
The Hong Kong buying binge by mainland developers continues unabated as China Resources Land (CR Land) beat out the Gaw family to pick up a residential site in the city’s Central district for HK$1.1 billion ($140.9 million), it was reported… Read More>>
Keppel REIT Buying $268M Stake in Melbourne Office Project and More Asia Real Estate Headlines
At the top of today’s headlines Singapore’s Keppel REIT has taken a shopping trip to Melbourne, Australia where it picked out a nice new office tower for its portfolio. Also in the news, Yanlord Land buys a site in Zhuhai… Read More>>
Evergrande’s $6.6B Bond Sale Drags Down Debt Market and More Asia Real Estate Headlines
Debt is the deal at the top of today’s headlines as a bond issue that stacked an additional $3.8 billion burden onto developer China Evergrande’s already weary balance sheet has shaken up international bond markets. Also in the news, Singapore’s… Read More>>
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