“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
https://player.vimeo.com/video/733537167?h=594244204aVideo can’t be loaded because JavaScript is disabled: Mingtiandi Asia REIT Forum 2022: Greater China REIT Opportunities 2022 (https://player.vimeo.com/video/733537167?h=594244204a)
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>>
Swire Closes in on $751M Quarry Bay Commercial Project
Swire Properties is closing in on a HK$5.9 billion ($751.9 million) commercial project on the eastern stretch of Hong Kong Island, having reportedly applied in June to force a sale of the remaining pieces which it does not already own… Read More>>
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