Hong Kong’s Lofter Group is moving closer to building a HK$1.9 billion ($242 million) commercial tower in Kowloon, having this week applied for a compulsory sale to acquire full ownership of an ageing building in Jordan with a pair of… Read More>>
For Hong Kong’s Office Market, Border Reopening Holds Key to Unlocking Demand Sponsored feature
“Increased space availability and the more attractive rental level in Hong Kong’s office market have created opportunities for occupiers to move into newer, greener buildings at a lower cost, but a broader rebound in demand will take root once the… Read More>>
China Evergrande Marketing Hong Kong HQ at 28% Markdown
China Evergrande Group is marketing its Hong Kong headquarters at a valuation of around HK$9 billion ($1.15 billion), with Li Ka-shing’s CK Asset Holdings having placed a bid for the Wan Chai office tower, according to sources who spoke with… Read More>>
SF REIT, C&W and Baker Mac See Greater China REIT Sector on the Rise: MTD TV Asia REIT Forum 2021
More real estate investment trusts (REITs) are likely to be listed in mainland China and Hong Kong… Read More>>
Shouson Hill Home Sells for $55M as Turbulence Challenges HK Luxury Market
A villa has sold for HK$435 million ($55.4 million) at No.15 Shouson in Hong Kong Island’s Deep Water Bay, showing resilience in demand for high-end homes as higher interest rates threaten to tamp down luxury market sentiment.
House 11 in… Read More>>
New World Puts New Territories Mall on the Market for $764M
New World Development is looking for a buyer for a retail podium of its Discovery Park development in the New Territories as the Hong Kong-listed developer shops a number of non-core properties in the city, according to market sources.
The… Read More>>
Hong Kong’s Office Market Shrank By 96,800 Square Feet Last Month
Hong Kong’s Grade A office market shrank by 96,800 square feet (8,993 square metres) in June, doing an about-face after eight straight months of positive take-up, according to JLL.
Overall vacancy in the city edged up to 9.4 percent at… Read More>>
ESR Wins Logistics Site in Hong Kong’s Kwai Chung With $668M Bid
ESR has acquired its second project ever in Hong Kong, having shouldered aside two competing bids to secure a logistics site at the city’s Kwai Chung container port for nearly HK$5.26 billion ($668.7 million), according to an announcement made late… Read More>>
Tender for $140M Project in Hong Kong’s Mid-Levels West Closes Friday
A government tender for a residential site on Hong Kong Island is set to close this Friday, giving developers an opportunity to build a housing project worth up to HK$1.1 billion ($140.1 million) in the Mid-Levels West area above Sheung… Read More>>
New World Approved to Redevelop Hong Kong’s State Theatre as Mixed-Use Project
A decade after it began acquiring parts of Hong Kong’s State Theatre complex, New World Development has won approval from the Buildings Department to redevelop the historic site into a mixed-use project.
The development in North Point will have a… Read More>>
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