SilkRoad Property Partners is adding a fifth industrial asset to its Hong Kong portfolio after consolidating block C at the Hang Wai Industrial Centre in the New Territories through a series of transactions said to total over HK$1.3 billion ($167.1… Read More>>
HK Office Leasing Grows for the First Time in Two Years, Rents Still Slide
Hong Kong’s office market showed signs of revival after a prolonged slump as more tenants leased fresh space than gave up old offices for the first time in two years.
Net absorption of Grade A space in the world’s most… Read More>>
Hang Lung Names Former Gaw Capital Executive Kenneth Chiu as New CFO
Hang Lung Properties and its parent company, Hang Lung Group, this month jointly announced the appointment of Kenneth Chiu as chief financial officer-designate and executive director with both of the Hong Kong-listed corporations.
The hiring brought Chiu, formerly CFO of… Read More>>
New World Sells Kowloon Office Floors for $154M as Commerce Comes Back
New World Development recorded a big-ticket sale last month, selling a block of three high-level floors in an office project in Kowloon’s Cheung Sha Wan area to an unnamed financial institution for HK$1.2 billion ($154.1 million).
With 888 Lai Chi… Read More>>
Carrie Lam Touts ‘Northern Metropolis’ Scheme in Last HK Policy Address
In the final Policy Address of her current term as Hong Kong’s chief executive, Carrie Lam put housing and land supply issues front and centre, shining the spotlight on a lofty proposal to transform the city’s northern reaches into a… Read More>>
Wang On Sells Admiralty Asset for $66M as HK Office Sales Pick Up
Wang On Properties has agreed to sell an entire floor at the United Centre for a consideration of HK$515 million ($66.1 million) or HK$29,022 per square foot, following the uptick in Hong Kong’s office market in August, with rents in… Read More>>
Hong Kong Home Prices Soon to Surpass 2019 Peak Says Cushman & Wakefield
Despite home sales seeing a 15 percent year-on-year surge in the third quarter of 2021, purchase of new housing in Hong Kong began to slow in August, according to a report from property services firm Cushman & Wakefield.
Transaction volumes… Read More>>
Henderson Land Wins Kowloon Redevelopment Project for $1.04B
Henderson Land Development won a tender for a residential project in Hong Kong’s To Kwa Wan for HK$8.1 billion ($1.04 billion), as the city’s quickening housing market and a newly extended MTR line drive developers to buy up redevelopment sites… Read More>>
Kowloon Redevelopment Project Sells for $41.2M as Hong Kong Housing Sizzles
Hong Kong’s Grand Ming Group has acquired a housing project in To Kwa Wan for HK$320 million ($41.2 million) as the impending completion of a new route on the city’s MTR system spurs developer interest in the Kowloon neighbourhood.
As… Read More>>
Blackstone Buys Industrial Building in Hong Kong’s New Territories for $36M
Following a path to a town near Hong Kong’s border with Shenzhen which has already welcomed traffic from some of the region’s biggest fund managers this year, Blackstone has acquired a six-storey building in Hong Kong’s Fanling area for HK$282.6… Read More>>
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