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Tom Gaffney

CBRE Promotes Tom Gaffney to President of North Asia Advisory, Succeeding Ben Duncan

2023/11/27 by Christopher Caillavet Leave a Comment

CBRE has elevated Tom Gaffney to president of the firm’s North Asia advisory business, with the post’s current holder, Ben Duncan, assuming a temporary role as North Asia chairman ahead of a planned exit next year.

Gaffney, who is regional… Read More>>

Ken Tang JLL

Hong Kong Office Leasing Grew Again in October as Occupiers Grabbed Bargains

2023/11/27 by Christopher Caillavet Leave a Comment

Tenants in Hong Kong’s Grade A office market took up 152,500 square feet (14,168 square metres) more than they gave back in October, marking a third straight month of positive take-up, according to JLL.

The overall vacancy rate of the… Read More>>

The Sunbeam Theatre in North Point Hong Kong

North Point Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy

2023/11/24 by Kevin He Leave a Comment

A landmark theatre in Hong Kong’s North Point district has been sold for a reported HK$1 billion ($128 million) in the latest sign of occupiers buying Hong Kong properties for their own use, as end users look to lower their… Read More>>

Rosanna Tang, head of research for Hong Kong at Cushman & Wakefield

Hong Kong Slips in Global Retail Rent Rankings as Recovery Lags

2023/11/24 by Beatrice Laforga Leave a Comment

Hong Kong’s Tsim Sha Tsui slid to the third spot among the world’s most expensive shopping districts this year as economic recovery in the Asian financial hub lagged its global peers, according to a report released this month.

Retail rents… Read More>>

Mingtiandi Hong Kong Forum 2024

Mingtiandi Hong Kong Forum 2024 On-Location Event

2023/11/23 by Danita Phaopat Leave a Comment

Viewers in mainland China may use this link to view the livestream: https://xswep.xetlk.com/sl/2V5Qri

Having welcomed nearly 200 industry professionals at our inaugural Hong Kong Forum in 2023, Mingtiandi returns in 2024 to… Read More>>

Martin Lee of Henderson Land

Henderson Faces Cost Quandary as 23-Storey Kowloon Tower Wins Compulsory Sale Nod

2023/11/23 by Kevin He Leave a Comment

Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.

… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

Receivers Take Over Hong Kong Mansions From Entities Linked to Evergrande Boss

2023/11/22 by Beatrice Laforga Leave a Comment

A creditor has taken over two mansions on Hong Kong’s Peak once valued at a reported HK$1.5 billion ($192 million) in the latest seizure of assets linked to fallen mainland billionaire Xu Jiayin and his China Evergrande Group.

Land Registry… Read More>>

MTR Tung Chung

Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

2023/11/20 by Kevin He Leave a Comment

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.

The government has withdrawn four residential sites from tenders since… Read More>>

Swire Properties chairman Guy Bradley

Swire Selling Hong Kong Office Floors for $693M as Development Plan Steams Ahead

2023/11/18 by Michael Cole Leave a Comment

With rising interest rates dimming the appeal of bank loans, Hong Kong’s Swire Group have turned to their Hong Kong office portfolio to raise cash, with two of the conglomerate’s listed units announcing late Friday that they have agreed to… Read More>>

MTR chief executive Jacob Kam

MTR Plot Draws No Bids in Hong Kong’s Second Failed Land Sale in Under Two Weeks

2023/11/10 by Kevin He Leave a Comment

Hong Kong’s MTR Corporation failed to receive a bid by the close of a tender for a residential and retail project near Hong Kong’s International Airport this past week, marking the city’s second failed land sale this month.

Despite receiving… Read More>>

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MTD TV

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