Hong Kong’s “King of Cassettes” David Chan Ping-chi has put up for tender a commercial block in Hong Kong Island’s North Point area at a price reckoned to be as much as 44 percent below what he was asking for… Read More>>
Touchscreen Tycoon Acquires Kowloon Commercial Block at 62% Off 2014 Price
Hong Kong billionaire Yeung Kin-man has acquired a Kowloon East commercial building formerly owned by the family of the late “Shop King” Tang Shing-bor, as the smartphone touchscreen tycoon continues to pick up discounted property assets amid the city’s property… Read More>>
Hong Kong’s ITC In Talks to Sell Wan Chai Office Tower as Losses Widen
Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor continues to divest assets amid mounting losses.
The HKEX-listed builder is in discussions to offload 250 Hennessy, a commercial… Read More>>
SHKP Profit Tumbles 20% to $2.4B as Hong Kong Slump Hits Portfolio
Sun Hung Kai Properties reported a full-year attributable profit of HK$19 billion ($2.4 billion), down 20 percent, as Hong Kong’s largest developer saw its property portfolio drop in value amid the city’s prolonged real estate slump.
The builder controlled by… Read More>>
Blackstone in Due Diligence to Enter Hong Kong Rental Residential with $96M Deal
The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with Blackstone understood to be in advanced talks to acquire two Hong Kong serviced apartment blocks from local living operator Chi Residences.
The… Read More>>
New World Said Closing In on $1.2B Sale of Kowloon Mall to China Resources
A unit of state-run China Resources is in talks to acquire a Tsim Sha Tsui shopping complex from Hong Kong’s New World Development as it continues to expand its retail footprint in the Asian financial hub.
China Resources Longdation is… Read More>>
Hong Kong’s Cassette King Sells Two Floors in The Center to DBS for $169M
Hong Kong tycoon David Chan Ping-chi is offloading his remaining holdings in Hong Kong’s fifth tallest building with the sale of his last two floors in the Center, after valuations for space in the 73-storey office tower plummeted by more… Read More>>
Sino Land Profit Drops 25% on Revaluation Loss
Hong Kong developer Sino Land’s annual attributable profit fell 25 percent to HK$4.4 billion ($560 million) as investment property markdowns ate into earnings.
The builder controlled by tycoon Robert Ng booked a revaluation loss on the investment portfolio of HK$580… Read More>>
Central Vacancy Dips to 12% as Hong Kong Office Rent Skid Continues: JLL
Grade A office vacancy in Hong Kong’s prime Central district eased slightly in July even as unused workspace throughout the city rose to 13.7 percent at the end of the month, according to JLL.
Vacancy in Central edged down 0.1… Read More>>
Receivers Field Offers for Former Cheung Kei Hong Kong HQ After 64% Drop in Value
Receivers for creditors of Cheung Kei Group have received at least two offers for the defaulted mainland property firm’s former Hong Kong headquarters after the grade A property lost nearly two-thirds of its value over the past two years.
Market… Read More>>
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