A commercial project in Hong Kong’s West Kowloon area drew just a single bid at a tender held by the local cultural authority, with blue-chip builder Sun Hung Kai Properties making an offer of an undisclosed amount.
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Asia Pacific real estate investment news and information

A commercial project in Hong Kong’s West Kowloon area drew just a single bid at a tender held by the local cultural authority, with blue-chip builder Sun Hung Kai Properties making an offer of an undisclosed amount.
A representative for… Read More>>

Hong Kong’s Link REIT rebounded to a HK$2.99 billion ($380 million) profit in the six months ending September after reporting full-year losses for the last two years, with its top officials noting that Asia’s largest REIT is acting “with heightened… Read More>>

Late September’s news that the Goldin Financial Global Centre had finally sold after a two-year struggle for the Hong Kong office tower appears to have been premature, according to local media reports of a new legal case involving the property.

Evergrande’s credit crisis is denting the personal fortune of its founder Xu Jiayin, with local records in Hong Kong showing that a HK$700M ($89 million) mansion on Hong Kong’s Peak previously owned by a company controlled by the property billionaire… Read More>>

Top fund managers continue to snatch up properties to expand self-storage businesses in Asia’s biggest markets, with Warburg Pincus-backed Storhub having expanded its holdings in a Hong Kong industrial building for the second time in two months and the third… Read More>>

Hang Lung Properties has been given the green light to build luxury homes on a former US government site on Hong Kong’s Shouson Hill, according to a recent report by the city’s Buildings Department, with analysts predicting that the… Read More>>

A consortium of Hong Kong-based Sino Land and mainland builder China Merchants Land has won the tender for a redevelopment site in Kowloon’s To Kwa Wan area with a lower-than-expected bid of just under HK$2.39 billion ($300 million).
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The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.
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Property analysts gave mixed reviews to Hong Kong leader John Lee’s maiden policy address, praising a lowered threshold for compulsory sale applications but voicing disappointment that a deferred stamp duty refund for foreign homebuyers would have little impact.
In the… Read More>>

Hong Kong’s declining housing market may have a silver lining as the city has fallen to fifth place on a list of the world’s riskiest housing markets compiled by a Swiss bank, which measured residential prices in 25 leading cities… Read More>>