Hong Kong’s office leasing market hit some unwelcome milestones in the first quarter of 2021, with net absorption sinking to an all-time low and availability of space reaching its highest level in nearly 17 years, according to research from Cushman… Read More>>
Colliers Makes Senior Hong Kong Hires as Agency Calls Bottom to Market Slide
Property services firm Colliers International released a report on Wednesday saying that the worst is over for Hong Kong’s real estate market and the company backed up that prediction just one day later by announcing a pair of senior hires… Read More>>
Hanison Sells Half-Stake in Kowloon Project to Angelo Gordon as HK Market Revives
A set of deals announced at the end of March points to a continued thawing of Hong Kong’s property investment market and heightened prospects for urban redevelopment projects in the city.
Hanison Construction, controlled by the Cha family behind developer… Read More>>
Digital Realty, Global Switch Launch New Data Centres in Singapore, Hong Kong
Asia Pacific’s server-hosting capacity got a boost on Thursday as a pair of global players announced the launch of their latest data centres in Singapore and Hong Kong.
US-based Digital Realty opened its third data centre in the city-state and… Read More>>
HKRI Acquiring Residential Site in Hong Kong’s Sheung Wan Area for $47M
Hong Kong Resorts International is taking on its second redevelopment project in the last four months after the developer of Discovery Bay agreed to acquire a site at the western edge of Central district for a combined HK$367.3 million ($47.3… Read More>>
Swire Properties, Hongkong Land Look to Turn Page After 2020 Profit Hits
A pair of blue chip Hong Kong developers on Thursday reported financial results that documented the impact of the COVID-19 pandemic on the city’s biggest landlords, with both Swire Properties and Hongkong Land Holdings reporting plunging profits.
Despite Hongkong Land… Read More>>
Hong Kong’s Lofter Buys Up 57 Properties to Assemble $142M Kowloon Project
A Hong Kong redevelopment specialist has teamed up with a local private equity firm to buy up 57 Kowloon properties in preparation for a HK$1.1 billion ($142 million) mixed-use project, according to an announcement today.
Lofter Group, together with partner… Read More>>
IWG Opens in the Quayside in Third Takeover of Hong Kong WeWork Location
For the third time in less than a year, IWG has opened flexible offices under the Signature brand in a Hong Kong space formerly occupied by embattled rival WeWork.
The hat-trick delivers 50,000 square feet (4,645 square metres) of flexible… Read More>>
SilkRoad Buys Hong Kong Cold Chain Asset for $41M
SilkRoad Property Partners has acquired a cold-storage building in Fanling, an industrial area which is becoming a hotspot for alternative investments in Hong Kong’s New Territories.
Having just closed on $549 million in fresh capital last month, SilkRoad paid HK$321… Read More>>
Mapletree Aims for First Hong Kong Data Centre After Buying $104M Site
Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.
“We are excited about winning this development land parcel,”… Read More>>
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