Hong Kong’s New World Development is moving closer to adding a HK$14 billion ($1.7 billion) commercial project to the city’s busiest shopping district, having reportedly applied for a compulsory sale of three adjacent properties in Causeway Bay this month, according… Read More>>
Hong Kong Office Market Steadies in April After COVID Curbs Relaxed
Hong Kong’s office leasing market stabilised in April with rental and vacancies flat as authorities relaxed restrictions as a surge in coronavirus cases eased, according to JLL.
In the consultancy’s latest Hong Kong Property Market Monitor, net absorption – a… Read More>>
Link REIT Hiring Outgoing Manulife IM Exec Kenny Lam as Co-CIO
Less than a month after welcoming a leader for operations outside mainland China and Hong Kong, Link REIT’s manager is doubling down on its global expansion plan by adding an executive from Manulife IM Real Estate to head its investments… Read More>>
China Resources Logistics Adds Fifth HK Industrial Asset in Two Years
A unit of China Resources Group has agreed to buy a pair of warehouses in Hong Kong from Kerry Properties for a total consideration of HK$4.62 billion ($588.6 million), with the deal bringing the mainland firm its fourth and fifth… Read More>>
Hongkong Land Q1 Underlying Profit Ticks Up Despite Pandemic Pain on Home Turf
Hongkong Land reported higher underlying profit in the first quarter of 2022 compared with year-earlier levels, as a rise in completions from its development pipeline in mainland China offset COVID-led weakness in the group’s office and retail portfolios at home.
Suit Filed as Receivers Relaunch Sale of Hong Kong’s Goldin Financial Global Centre
A mysterious businessman who has been said to be in the process of buying the Goldin Financial Global Centre (GFGC) since late 2020 filed suit this week in an attempt to block the sale of the Kowloon East trophy tower… Read More>>
Receivers Selling Kaisa Vice Chairman’s Villa for Reported $35M
A high-end home in Hong Kong’s Pok Fu Lam neighbourhood has been put on the market by receivers, with local media reports identifying its former owner as Mai Fan, vice-chairman and chief executive officer of Kaisa Group who had seen… Read More>>
Weave Paying $115M to Buy Third Hong Kong Hotel in 9 Months
Weave Living, through a joint venture with global investor Angelo Gordon, has agreed to purchase a hotel in Hong Kong Island’s Western district for HK$900 million ($115 million) from a property firm controlled by William Cheng, the son-in-law of Henderson… Read More>>
CK Asset Sells Mid-Levels Luxury Homes for $50M as High-End Market Hangs On
Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.
Hong Kong’s second-largest developer… Read More>>
JLL Names Alex Barnes Managing Director for Hong Kong and Macau as Morgan Departs
JLL on Tuesday announced the promotion of Alex Barnes to managing director for Hong Kong and Macau, succeeding Gavin Morgan.
Currently head of agency leasing at JLL Hong Kong, Barnes in his new role will lead the global property consultancy… Read More>>
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