While Hong Kong’s Northern Metropolis is a vital step towards diversifying and igniting Hong Kong’s economy, it has many facets and managing its realisation is a delicate task. When the plan was outlined during last year’s Policy Address by chief… Read More>>
Hongkong Land Holds Steady as Leasing in Singapore Outperforms Home City
Hongkong Land Holdings saw its underlying profit hold steady at $966 million last year as strong leasing income from its Singapore portfolio helped blunt the impact of weaker performance by its office assets in Hong Kong.
The group’s underlying profit… Read More>>
CK Asset Wins Residential Site in Hong Kong’s To Kwa Wan for $767M
CK Asset Holdings, the development flagship of magnate Li Ka-Shing, has bested six competing bids to win a 58,534 square foot (5,438 square metre) residential site in Hong Kong’s redevelopment hotbed of To Kwa Wan for HK$5.99 billion ($767 million),… Read More>>
Hong Kong Leaders Push Retail Landlords for Rent Breaks as Covid Rocks City
Following the announcement of a rental moratorium to support retailers as part of Hong Kong’s budget rollout last week, financial secretary Paul Chan is urging Hong Kong developers to, “consider lowering rents or adjusting the rent structure (as much as)… Read More>>
Link REIT Puts Hong Kong’s Stanley Plaza on the Market Despite Pandemic
Link REIT has put its Stanley Plaza shopping centre up for sale, even as an unprecedented surge in COVID-19 cases clouds the retail outlook in Hong Kong.
Asia’s largest real estate investment trust received an unsolicited expression of interest from… Read More>>
Hong Kong Aims for Sale of 13 Residential, 4 Commercial Sites This Year
Hong Kong’s government on Wednesday released a fiscal 2022-23 budget promising to increase land sales for housing and commercial development and tap cash reserves to jump-start infrastructure works within the planned Northern Metropolis.
In an announcement shadowed by the city’s… Read More>>
SC Capital, Lofter Acquire $53M Project on Hong Kong’s Ap Lei Chau
Singapore-based SC Capital Partners has teamed up with Hong Kong value-add developer Lofter Group to acquire a more than 90 percent interest in a project on Ap Lei Chau island in the Asian financial hub, with an eye towards redeveloping… Read More>>
Luxury Residential Site in Hong Kong’s Repulse Bay Sells for Record Price
A plot in Hong Kong’s Repulse Bay area has attracted a record high price for a residential site sold at government auction, with local developer SEA Holdings besting eight competing bids with a HK$1.19 billion ($152.3 million) tender.
The Hong… Read More>>
New World Selling Upper Floor in Kowloon Building for $49M
Hong Kong-listed New World Development is realising some returns from a bet on Hong Kong’s emerging commercial districts, having signed an agreement to sell an upper floor of a grade A office tower in Kowloon’s Cheung Sha Wan area for… Read More>>
SilkRoad Reaches $144M First Closing of Asia Core Fund on Way to $400M Target
SilkRoad Property Partners has reached a $144 million first closing on its first ever core-plus Asia real estate fund, which brings the Hong Kong and Singapore-based fund manager nearly halfway to its target of raising $400 million for… Read More>>
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