Mainland venture investor Mike Cai Wensheng is taking advantage of bargain prices for Hong Kong assets with the billionaire co-founder of selfie app Meitu picking up his second Hong Kong commercial property in three months at a fraction of its… Read More>>
Hong Kong’s Gale Well Loses $44M in Four Years on Sale of Floor in The Center
Four years of owning a floor in The Center, an office tower on Hong Kong’s Queen’s Road, has cost local investment firm Gale Well Group HK$343 million ($43.7 million), as commercial property values in the Asian financial hub remain in… Read More>>
In a Market of Caution, Tenants Have The Upper Hand in Hong Kong’s Office Sector Sponsored Feature
From Central’s glass towers to Kowloon East’s rising hubs, the mood is neither bullish nor bleak, it’s measured. As 2025 unfolds, tenants are navigating a market that offers more options than urgency. Even with rents softening and incentives on the… Read More>>
Rebound in Hong Kong IPOs Not Enough to Revive Oversupplied Office Market
Hong Kong was the world’s hottest market for IPOs in the first half of 2025 with funds raised from new listings jumping eightfold compared to a year earlier, but even that surge of activity proved insufficient to revive the city’s… Read More>>
Former Sensetime Exec Buys Hong Kong Home at 40% Below 2013 Price
The rise of AI and a drop in Hong Kong home prices may have triggered a HK$125 million ($16 million) luxury housing deal with a former executive from mainland unicorn Sensetime picking up the property in one of the city’s… Read More>>
Henderson Land Shares Plummet on Plan to Raise $1B in Convertible Bonds
With Hong Kong’s real estate giants continuing to face pressure from falling property values, Henderson Land Development on Tuesday announced it is raising HK$8 billion ($1.02 billion) in convertible bonds.
The bonds which mature in July 2030 will bear a… Read More>>
Hong Kong’s Grand Ming Seeking Waivers for $610M in Loans After Default
Grand Ming Group is seeking waivers from lenders after the Hong Kong developer breached financial covenants governing HK$4.8 billion ($610 million) in outstanding loans, in the latest distress signal for the city’s embattled builders.
The company led by chairman Chan… Read More>>
Goodman Unveils $2.7B Hong Kong Data Centre JV With PGGM, APG, CPPIB, CBRE IM
Goodman Group on Friday announced the creation of a $2.7 billion private investment vehicle focused on the Hong Kong data centre market, with the Australian industrial specialist signing up a roster of global institutional partners to back the initiative.
The… Read More>>
New World Wins $11B Refinancing Deal as Adrian Cheng Steps Down From Board
Hong Kong’s New World Development on Monday announced the successful refinancing of HK$88.2 billion ($11.2 billion) in offshore debt, as well as the resignation of third-generation scion and former CEO Adrian Cheng from the family-controlled builder’s board of directors.
New… Read More>>
Emperor International Shares Dive as Hong Kong Builder Reveals $2.1B in Overdue Loans
Shares of Emperor International, the Hong Kong-listed development subsidiary of Emperor Group, tumbled 11.8 percent Monday after the company’s annual results showed overdue loans totalling HK$16.6 billion ($2.1 billion).
Emperor International made the disclosure in a filing late Friday as… Read More>>