A residential development site in Hong Kong’s exclusive Repulse Bay area will go up for sale in a public tender opening on 31 December, the government announced late last week.
The land parcel on South Bay Road, known as Rural… Read More>>
Asia real estate and outbound investment news
A residential development site in Hong Kong’s exclusive Repulse Bay area will go up for sale in a public tender opening on 31 December, the government announced late last week.
The land parcel on South Bay Road, known as Rural… Read More>>
AEW Capital Management has agreed to purchase a Kowloon hotel from Chuang’s Consortium International Ltd for HK$1.65 billion ($210 million) as hospitality to rental residential conversions come into vogue amid Hong Kong’s extended travel slump.
The Boston-based fund manager has… Read More>>
Following a week of credit downgrades and plunging shares, Shimao Group Holdings on Friday announced that it has agreed to sell its 22.5 percent interest in the Grand Victoria project in West Kowloon to its joint venture partners in the… Read More>>
Hong Kong’s To Kwa Wan further cemented its position as a development hotbed this month, with Kerry Properties winning a tender for an Urban Renewal Authority redevelopment project in the Kowloon neighbourhood for HK$5.58 billion ($716.1 million), according to an… Read More>>
Henderson Land Development this week moved a step closer to creating a new luxury residential project in Hong Kong’s Mid-Levels, with its acquisition of a property valued at HK$522.1 million ($66.9 million) through a compulsory sale for redevelopment.
Hong Kong’s… Read More>>
Hong Kong’s office leasing market shook off a sluggish first half of 2021 as tenants rediscovered their appetites for desk space, although average rents still suffered a full year decline after a steeper drop in 2020, according to research from… Read More>>
Henderson Land Development’s level of enthusiasm for the Hong Kong harbourfront has become clearer after the government revealed that the firm’s winning bid of HK$50.8 billion ($6.5 billion) for the Site 3 plot in Central had topped the next-highest offer… Read More>>
Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
US private equity giant Blackstone on Thursday closed on the purchase of its third Hong Kong industrial building this year, picking up a property in Shau Kei Wan held by the family of late “Shop King” Tang Shing-bor to add… Read More>>
Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first increase since rates last peaked in May 2019, according to JLL.
On a net effective rental basis, average tariffs… Read More>>