Companies controlled by Hong Kong tycoon Lo Yuk-sui have acquired a tenement building in Kowloon’s Cheung Sha Wan area with plans to build 47,307 square feet (4,395 square metres) of new apartments in the redeveloping neighbourhood, despite a home sales… Read More>>
The Hive Adds Eighth Hong Kong Location in HSBC AM-Owned Podium in Sheung Wan
Hong Kong-based co-working operator The Flexi Group has expanded its Hive brand in the Asian financial centre, with the company having opened its latest location in the city’s Sheung Wan area after taking over a former WeWork site owned by… Read More>>
Stan Group Hotel Up for Sale as Student Housing Conversion in Kowloon
A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s hospitality market flounders and higher-end rental housing players stay on the sidelines.
Hotel Ease – Mong Kok is… Read More>>
Wheelock Clinches $93M Buy of South Hong Kong Island Building at Forced Auction
Wheelock Properties has acquired an industrial building in Hong Kong’s Wong Chuk Hang area for HK$728 million ($93.4 million), more than two years after applying for a compulsory sale of the ageing property.
The purchase of the Ha Lung Industrial… Read More>>
Swire Properties Sustains Strong Occupancy at Pacific Place as Rents Drop 16%
Swire Properties reported 97 percent occupancy at Pacific Place in Hong Kong’s Admiralty area at the end of June, easing from 98 percent at the end of last year, as rents at the flagship office complex tumbled 16 percent for… Read More>>
Hongkong Land Books 1H Loss of $833M as Office Headwinds Persist
Hongkong Land booked a total half-year attributable loss of $833 million, more than doubling its shortfall from the same period last year, as markdowns on its investment properties continued to weigh on profitability.
The Jardine Matheson-controlled developer’s underlying business recorded… Read More>>
Wharf Holdings Set to Swing to Six-Month Loss of Up to $360M on Revaluations
Asset markdowns plagued Wharf Holdings during the first six months of the year, with the Hong Kong developer warning of an attributable loss for the period in the range of HK$2.5 billion to HK$2.8 billion ($320 million to $360 million).
New Building Debuts Boost Office Vacancy in Hong Kong’s Central to 12.1%
The debut of new office buildings in Hong Kong’s Central district has boosted vacancy in what was once among Asia’s most sought after business locations by 29 percent from a year earlier, according to new figures from JLL.
Some 12.1… Read More>>
Hongkong Land’s Clement Lau to Lead Professional Services at Knight Frank
Knight Frank has appointed Clement Lau as managing director of professional services for Greater China to succeed 27-year company veteran Alnwick Chan, who is retiring from the role.
Lau has spent close to 24 years in a second spell at… Read More>>
Hong Kong’s Emperor International Offloads Properties to Founder Yeung for $148M
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>>
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