Sales in Hong Kong’s luxury residential market nearly tripled in the 12 months that ended 30 June, driven by wealthy locals who resumed home-buying activities and a surge of initial public offerings on the Hong Kong and Shenzhen stock exchanges.
Sun Hung Kai Wins Approval for Shorter Version of $9B West Kowloon Project
Sun Hung Kai Properties has won approval from Hong Kong’s Town Planning Board for the construction of two towers atop West Kowloon station, clearing a key hurdle in the blue-chip developer’s quest to build what is estimated to be a… Read More>>
Evergrande Said Discussing $2B Sale of Wanchai HQ to Yuexiu Amid Govt Pressure
Embattled mainland developer China Evergrande Group is in talks to sell its largest single property asset for around $2 billion, according to sources familiar with the discussions who spoke with Mingtiandi.
Yuexiu Property, a branch of the local government of… Read More>>
HNA Bankruptcy Sale Continues with $71M Tender for Hong Kong Penthouse
The creditors of bankrupt mainland conglomerate HNA Group took another step towards collecting on bad loans to the parent of China’s Hainan Airlines this past week as an apartment in Hong Kong’s Mid-Levels was put up for sale in what… Read More>>
Hong Kong Office Market Contracted Again in July as Pandemic Struggles Continued
Hong Kong’s Grade A office market continued to struggle last month with the amount of space leased by tenants falling once again, as business confidence proves slow to return to the Asian financial hub.
July saw Hong Kong’s office market… Read More>>
Shimao Opens 76th-Floor Flexible Office Outlet in Hong Kong’s The Center
Just under four years after its chairman joined a consortium that purchased one of Hong Kong’s tallest office buildings for $5.2 billion, Shimao Holdings has opened a floor in The Center as a serviced office space, according to local news… Read More>>
CK Asset Wins Tender for New Territories Housing Site With $91.8M Bid
CK Asset Holdings, the development flagship of billionaire Li Ka-shing’s business empire, has taken a step towards replenishing its thin project pipeline after topping 15 rival bids to secure a residential plot in the New Territories for a greater-than-expected HK$716… Read More>>
Hotel in Hong Kong’s Tsim Sha Tsui Said Sold to US Fund for $123M
Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, has reportedly changed hands for HK$980 million ($123 million) as the local tourism collapse compels smaller lodging operators to sell their assets to redevelopment-minded investors.
Multiple market… Read More>>
Family of Hong Kong’s Late Shop King Sells Fanling Industrial Asset for $89M
The family of late “Shop King” Tang Shing-bor has sold a second New Territories industrial asset to China Resources Group, as the cash crisis of one of Hong Kong’s most active real estate investors creates an opportunity for the mainland… Read More>>
IWG Forms Greater China Flexible Office JV with Hong Kong’s Hysan
Flexible office provider IWG and retail and office landlord Hysan Development will form a joint venture with the exclusive right to operate all IWG brands in Hong Kong and throughout the Greater Bay Area, the companies announced Monday.
The JV… Read More>>
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