New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first half of 2023, with only 55 percent of the 7,600 homes completed during the period having found buyers on their first… Read More>>
CSI Properties Notches Hong Kong’s Largest Office Lease of 2023 in Kowloon East Project
CSI Properties has landed Hong Kong largest office lease so far this year with the company signing up Hong Kong’s Hospital Authority for its Harbourside HQ project in Kowloon Bay, with the administrator of Hong Kong’s government hospitals and health… Read More>>
Henderson Land Profit Jumps 25% as Bosses Flag Sluggish Hong Kong Market
Henderson Land Development posted a 25 percent year-on-year jump in six-month net profit to HK$5.96 billion ($760 million), but the blue-chip builder’s revenue from Hong Kong property development remained flat as the city’s real estate market slumped in the second… Read More>>
ESR Selling 30% Stake in Hong Kong Cold Chain Project to Mainland Investor
ESR has agreed to sell a 30 percent stake in its Kwai Chung Cold Storage Logistics Centre project in Hong Kong to an unnamed “strategic investor” from mainland China.
With the transaction, ESR will reduce its own stake in the… Read More>>
ICBC Said Leasing 10 Floors in CK Asset’s Cheung Kong Center II in Hong Kong
After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office market may be about to see its biggest lease of the year, with ICBC said to be preparing to sign… Read More>>
Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak
A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.
Savills formally kicked off… Read More>>
Swire, Henderson Close in on $806M Residential Project in Hong Kong’s Quarry Bay
Henderson Land and Swire Properties have moved a step closer to redeveloping a site in Hong Kong’s Quarry Bay with a joint venture between the two property heavyweights recently winning approval for an auction which would pave the way for… Read More>>
Wharf Real Estate Investment Rebounds to $228M Profit After Hong Kong Reopens
Wharf Real Estate Investment Company recorded a net profit of HK$1.78 billion (US$227.92 million) in the first six months of 2023, a turnaround from a HK$1.53-billion loss a year ago as Hong Kong’s reopening has brought back big-spending tourists.
In… Read More>>
Swire Cuts Pacific Place Rents by 12% as Hong Kong Office Slide Hits Prime Segment
The price for a developer to maintain occupancy in a prime office property in Hong Kong’s declining market might just be a 12 percent rent cut, according to operating statistics released by one of the city’s top commercial landlords late… Read More>>
Weave Living Launches Tenth Location in Hong Kong’s Sai Ying Pun
Warburg Pincus-backed Weave Living has launched the latest location for its Weave Studios line in western Hong Kong island’s Sai Ying Pun area, marking its tenth location across Asia Pacific as the rental housing investor and operator continues to expand… Read More>>
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