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’s Crazy Real Estate Costs Help It Top Another List
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>>
China’s HNA Touches Down in Kai Tak Again to Pick Up Fourth Site for HK$7.44 Bil
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>>
Hong Kong’s Kai Tak Gears Up for 7,500 New Homes
Once known for hosting one of the world’s most crowded airports, Hong Kong’s Kai Tak area is now becoming one of the city’s busiest real estate markets, with the eight new sites set to auctioned off in the former Kowloon… Read More>>
Far East Consortium Selling Kowloon Hotel to Nanjing Developer for HK$450M
A hotel subsidiary of Hong Kong’s Far East Consortium has agreed to sell a hotel in Hong Kong’s Mongkok area to a Nanjing-based developer for HK$450 million ($58 million) in the latest acquisition by Chinese real estate developers in the… Read More>>
Logan and KWG Pay Record $2.2 Bil for Site on HK’s Ap Lei Chau Island
Hong Kong’s property wildfire continues to rage after a pair of mainland developers agreed on Friday to pay a record HK$16.86 billion (US$2.17 billion) for a waterfront residential site on the city’s Ap Lei Chau island, according to an announcement… Read More>>
Hong Kong and Singapore Rank in Top 5 Globally for Outrageous Home Rentals
While Hong Kong may have distinguished itself as the least affordable place to own a home, residents of the Asian financial capital may take some comfort from the news that their city ranks only third in the world for degree… Read More>>
What Happens if Chinese Homebuyers Run Out of Cash and More Asia Real Estate Headlines
Chinese capital has been a growing force in both corporate real estate investments and individual home purchases in recent years, but things may look very different in the rooster year. The leading headlines this morning all attempt to figure out… Read More>>
4 Chinese Cities Now Among World’s Least Affordable for Home Prices
2016 was supposed to be the year that Hong Kong housing prices began to tumble, but the only thing falling seems to be new sales records for expensive flats, as an independent survey shows the city’s homes to be the… Read More>>
Country Garden Plans First India Project in 2017 and More Asia Real Estate Headlines
China’s third largest developer is now targetting another overseas market, as Country Garden announced plans to move into India. Also in the headlines today, China Oceanwide agrees to buy tech media group IDG, and CapitaLand has a new commercial project… Read More>>
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