Asia real estate and outbound investment news
A hotel near Hong Kong’s Causeway Bay retail hub has sold for 60 percent less than the former owner’s asking price a year ago, as investors hunt for bargains amid plunging property valuations in the Asian financial centre.
Receivers acting… Read More>>
Schroders has launched a fresh marketing campaign for a Kowloon residential block with the UK investment manager offering the building at 176 Nathan Road in Tsim Sha Tsui at a third off of its HK$600 million ($77,218 million) purchase price… Read More>>
A mansion in Hong Kong’s prestigious Peak area once owned by local investor Ho Shung-Pun has been sold by creditors, marking the third piece of Ho’s property portfolio to be offloaded in three months as the indebted investor continues to… Read More>>
Mainland property investor Lin Tsz-Fung is marketing a commercial building in Hong Kong’s Causeway Bay area at less than half of what he was seeking for the property six years ago.
Lin, a co-founder of HKEX-listed retailer Best Mart 360… Read More>>
Goodman Group has completed a 50-megawatt data centre in Hong Kong’s Tsuen Wan West area, as the Aussie industrial specialist forges forward with a transformation that has digital infrastructure projects now accounting for 40 percent of its development pipeline.
The… Read More>>
JD Property, the infrastructure investment and management arm of Chinese e-commerce giant JD.com, has acquired the LiFung Centre in Hong Kong from London-based M&G Real Estate for HK$1.8 billion ($232 million), in the city’s largest en-bloc industrial transaction so far… Read More>>
Adrian Cheng Chi-kong has stepped down as chief executive of New World Development after the Hong Kong-based builder posted its first full-year loss in two decades.
The third generation scion of the billionaire Cheng family has also been redesignated from… Read More>>
Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North Point area at a price reckoned to be as much as 44 percent below what he was asking for… Read More>>
Hong Kong billionaire Yeung Kin-man has acquired a Kowloon East commercial building formerly owned by the family of the late “Shop King” Tang Shing-bor, as the smartphone touchscreen tycoon continues to pick up discounted property assets amid the city’s property… Read More>>
Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor continues to divest assets amid mounting losses.
The HKEX-listed builder is in discussions to offload 250 Hennessy, a commercial… Read More>>
