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Emperor Group chairman Albert Yeung Sau-shing (Getty Images)

Hong Kong’s Emperor International Offloads Properties to Founder Yeung for $148M

2024/07/25 by Kevin He Leave a Comment

Emperor International, the property development and investment arm of Hong Kong-based conglomerate Emperor Group, has agreed to sell a portfolio of retail, residential and industrial properties across Hong Kong to a vehicle controlled by Emperor Group founder and chairman Albert… Read More>>

David Lau Ka-wau

Centaline Boss Buys Tsim Sha Tsui Hotel at 53% Discount

2024/07/24 by Kevin He Leave a Comment

Hong Kong hotelier David Lau Ka-wai has sold a 63-key boutique hotel in Tsim Sha Tsui for less than half of his original asking price, as investors continue to acquire hospitality assets in the Asian financial centre for conversion to… Read More>>

133 Wai Yip Street

Gaw, HSBC-Invested Kowloon Office Building Up for Auction in September

2024/07/23 by Christopher Caillavet Leave a Comment

A Kowloon East office building invested by Hong Kong fund manager Gaw Capital Partners and HSBC Asset Management will go up for auction in September, according to auctioneer JLL.

Gaw had acquired 133 Wai Yip Street, then known as the… Read More>>

Jiayuan International chairman and controlling shareholder Shum Tin-ching

Jiayuan Receivers Said to Sell New Territories Office Complex to Singaporean Fund

2024/07/20 by Christopher Caillavet Leave a Comment

A Hong Kong office complex marketed by the receivers for liquidating builder Jiayuan International has sold for just under the guide price, according to local media accounts that point to an unnamed Singaporean buyer.

Located at San Hop Lane in… Read More>>

Johnson Cha

Hong Kong’s Hanison Marketing Sheung Wan Serviced Apartments After Value Fell by a Third

2024/07/15 by Kevin He Leave a Comment

Hong Kong-based builder Hanison Construction Holdings has put up for sale a 55-unit serviced apartment building in the city’s Sheung Wan district, as the firm controlled by the Cha family behind local developer HKR International seeks to boost its liquidity.

… Read More>>

The Henderson

Hong Kong Office Vacancy Hits Record High of 13.6% as Occupiers Move to Downsize

2024/07/12 by Kevin He Leave a Comment

Office vacancy in Hong Kong reached a record high of 13.6 percent at the end of June, as sluggish leasing demand and oversupply drove average office rents in the Asian financial centre down 4.3 percent in the first half of… Read More>>

Biel Crystal founder Yeung Kin-man

Mansions on Hong Kong’s Peak Sold to Touchscreen Tycoon for $141M to Repay Gaw Loan

2024/07/11 by Kevin He Leave a Comment

A set of four mansions in Hong Kong’s prestigious Peak area have sold for HK$1.1 billion ($141 million), marking a 50 percent decline from the height of the market in 2021, as even the city’s elite show signs of financial… Read More>>

Centurion chief executive Kong Chee Min

Centurion JV Secures Master Lease for Hong Kong Worker Housing Project

2024/07/07 by Christopher Caillavet Leave a Comment

Singapore-based rental housing specialist Centurion Corp and its Hong Kong local partner have struck a deal to lease all 50 residential units in a New Territories building with the intent of renovating the property into a 550-bed worker accommodation.

The… Read More>>

Bernadette Linn Hong Kong

Hong Kong Government Offering Single Residential Site for Tender This Quarter

2024/07/07 by Christopher Caillavet Leave a Comment

The Hong Kong government on Thursday announced plans to offer a single residential site in the New Territories’ Sha Tin district under the city’s quarterly land sale programme.

In the July-September period, which corresponds to the second quarter of Hong… Read More>>

Goodwin Gaw

Gaw Positioned to Take Full Ownership of Hong Kong Office Complex as Partner Falters

2024/07/01 by Michael Cole Leave a Comment

Hong Kong’s higher for longer interest rates and declining office market could be setting up private equity shop Gaw Capital Partners for a significant windfall in the city’s Quarry Bay area.

The Hong Kong-based fund manager is preparing to acquire… Read More>>

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