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Michael Wong Wai-lun

Hong Kong Govt to Sell Five New Sites by End March Despite Market Uncertainty

2021/01/01 by Michael Cole Leave a Comment

After a record-breaking land sale at Victoria Peak just before year-end, Hong Kong authorities are boosting the supply of residential plots coming to market in the next three months, despite ongoing uncertainty in the housing market.

The city’s secretary for… Read More>>

Stephen Ng Tin-hoi Wharf

Wharf Wins Parcel at Hong Kong’s Peak With Record-Breaking $1.6B Bid

2020/12/24 by Christopher Caillavet Leave a Comment

Hong Kong developer Wharf Holdings Ltd on Wednesday announced its acquisition of the city’s priciest piece of residential land ever as it won a government auction of a site on Victoria Peak.

The blue-chip builder agreed to pay HK$12 billion… Read More>>

(From left)Oliver Tong, Joseph Tsang, Alex Barnes

Hong Kong Office Rents Could Fall 10% in 2021 After New Leases Slid 39% This Year

2020/12/21 by Christopher Caillavet 1 Comment

Despite hopes for a recovery after this year’s pandemic-induced meltdown, property consultancies have issued cautious forecasts for Hong Kong in the new year, with office leasing in particular braced for a further decline after a battering in 2020.

This year… Read More>>

Michael Wong Wai-lun

Hong Kong Kicks Off Tender for Central Waterfront Site

2020/12/20 by Michael Cole Leave a Comment

The government of Hong Kong has officially begun marketing a slice of Central district’s waterfront to developers, but a depressed property market has dampened expectations for the trophy land sale.

The city’s Lands Department announced on Friday that it had… Read More>>

Alnwick Chan

Knight Frank Names Paul Hart, Alnwick Chan as Managing Directors in HK

2020/12/15 by Christopher Caillavet Leave a Comment

Knight Frank has announced new titles for two stalwarts of the agency’s Greater China office in Hong Kong.

Alnwick Chan has been rechristened as managing director for professional services and Paul Hart is now managing director for commercial markets, the… Read More>>

Makati Tower Sells for $128M in Manila and More Asia Real Estate Headlines

2020/12/15 by Pimfha Chandhapradit Leave a Comment

The year’s biggest commercial property deal in the Philippines leads this edition of our regional news roundup, which also features Korean investors snapping up a Dutch logistics centre after a drone-enabled inspection and a bankrupt Indian “shadow lender” attracting… Read More>>

Victor Cha

HKRI Buys Kowloon Redevelopment Project for HK$310M

2020/12/11 by Michael Cole Leave a Comment

A 16-storey industrial building in Kowloon’s To Kwa Wan area has changed hands at HK$310 million ($40 million) as hopes for an end to the pandemic rekindle Hong Kong’s dormant real estate investment market.

Hong Kong Resorts International, a developer… Read More>>

Robin Khuda - AirTrunk CEO

Macquarie’s AirTrunk Opens First Asia Data Centres in Hong Kong, Singapore

2020/12/09 by Christopher Caillavet Leave a Comment

Macquarie-backed data centre operator AirTrunk announced its Asia operational debut on Wednesday as the Australian firm opened hyperscale cloud facilities in Singapore and Hong Kong.

The two projects have a combined capacity of more than 80 megawatts, and are being… Read More>>

Korea’s NPS Acquires $2B US Logistics Portfolio and More Asia Real Estate Headlines

2020/12/06 by Shiunne Bulsombut Leave a Comment

In our latest roundup of regional news headlines, Korea’s National Pension Service has added to its growing stockpile of overseas real estate assets by teaming up with a US private equity firm in the purchase of an American logistics portfolio.

… Read More>>

Kai Tak waterfront

China Overseas Land & Investment Bags Kai Tak Plot With $551M Bid

2020/12/03 by Christopher Caillavet Leave a Comment

Mainland muscle is flexing yet again in Hong Kong’s land market, as China Overseas Land & Investment on Wednesday beat out nine rivals, including eight of the city’s top local builders, to snag a waterfront residential plot in the Kai… Read More>>

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