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Mark Dixon IWG

IWG to Open Causeway Bay Centre as Regus Parent Plunders WeWork Spoils

2020/06/03 by James Hatton Leave a Comment

The parent company of Regus has helped itself to a space in Hong Kong vacated by rival WeWork, as the balance of power shifts within the flexible office universe.

IWG, which owns Regus and four other flexible office brands, confirmed… Read More>>

US Consulate’s HK$5.2B Site Could Sell for 24% Off Amid Hong Kong Downturn

2020/06/03 by James Hatton Leave a Comment

Amidst growing friction with Chinese authorities, the US Department of State has put up for sale a residential site in one of Hong Kong’s most exclusive enclaves, and it could be set to sell for nearly a quarter less than… Read More>>

Chelsfield Closes $363M Asia Fund to Hunt for Downturn Bargains

2020/05/30 by James Hatton Leave a Comment

Chelsfield Asia has closed its first value-add pan-Asia fund at $362.5 million, as the Asia arm of the UK developer readies to deploy dry powder in what CEO Nick Loup calls a “once-in-a-generation opportunity for investing”.

Alongside the $362.5 million… Read More>>

Tai Cheung Wins Site in Hong Kong’s Ap Lei Chau for HK$1.33B

2020/05/29 by Stephanie Li Leave a Comment

Hong Kong developer Tai Cheung Holdings last week won a residential site on the city’s Ap Lei Chau island with a bid more than 14 percent above some analyst predictions, despite forecasts of slide property values in the city.

The… Read More>>

ngai_chun_hung2

HK-Listed Builder Buys Mong Kok Residential Site for HK$330M

2020/05/27 by Stephanie Li Leave a Comment

Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 million ($42.6 million), according to a local news report yesterday.

The company, which is part of the Vantage Group alongside its Able Engineering… Read More>>

Wharf Sells Amazon, Facebook Shares for $944M and More Asia Real Estate Headlines

2020/05/26 by James Hatton Leave a Comment

A Hong Kong landlord leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the owner of the Murray Hotel in Central has raised close to $1 billion by selling off its shareholdings in Facebook and Amazon.

… Read More>>

ivan ho kailong

Kailong Sells 8 Floors in Central for HK$350M Despite HK Downturn

2020/05/25 by Stephanie Li Leave a Comment

Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s Sheung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy… Read More>>

adrian cheng

New World Selling Commercial Space in Central for HK$500M

2020/05/23 by Stephanie Li Leave a Comment

New World Development has agreed to sell the podium levels of the Cosco Tower in Hong Kong’s Sheung Wan area for 45 percent less than the property giant had been asking for the commercial property just three months ago, according… Read More>>

victor li ck asset

Li Ka-shing’s CK Asset Sounds Profit Alarm as COVID-19 Crimps Business

2020/05/17 by James Hatton Leave a Comment

The property conglomerate chaired by the son of Hong Kong’s richest man has warned shareholders to expect a fall in profits for the first half of the year, marking the first time the company has issued a profit warning since… Read More>>

Billionaire Developer Targets HK$700M Forced Sale in Western HK

2020/05/17 by Stephanie Li Leave a Comment

One of Hong Kong’s wealthiest men has moved a step closer to developing a residential complex in the city’s Sai Ying Pun district after successfully applying for a compulsory sale of the remaining units in a 61-year-old walk-up near the… Read More>>

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