A former British travel agency leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that a mainland China conglomerate is set to take a $1.5 billion hit after the tour operator’s collapse.
In other… Read More>>
68% in Citi Survey Say It’s a Terrible Time to Buy a Home in Hong Kong
Homebuyer confidence in Hong Kong’s residential market, which as recently as April had led experts including UBS to predict a bull run that would last at least another decade, is in a state of free fall, according to a Citibank… Read More>>
IWG Rolls Out “McDonald’s-Style” Regus, Spaces Franchises in Hong Kong
While WeWork’s IPO fiasco continues to shake the co-working universe, the world’s largest serviced office provider has announced that it has begun making available franchise opportunities under its Regus and Spaces brands in Hong Kong.
IWG, which started operating flexible… Read More>>
SEA Holdings Buys Office Block in HK’s Central After Reported 35% Price Reduction
Hong Kong-listed SEA Holdings has acquired the majority of a 24-storey office building in the city’s Central district for HK$780 million ($99.53 million), with the sale reportedly taking place after the owners agreed to drop the price by more than… Read More>>
Colliers’ Asia Valuation and Advisory Chief David Faulkner Set to Retire
Colliers International’s head of international valuations and advisory services, David Faulkner, will retire after 16 years with the property services provider, according to an internal email seen by Mingtiandi.
In a message sent to Colliers’ staff, the company’s CEO for… Read More>>
Chengdu Tycoon Revealed as Buyer of HK$1.1B Pair of Houses at Hong Kong’s Mount Nicholson
While the citizenry of Hong Kong has shown mixed feelings toward the adoption of China’s judicial system in recent weeks, the city’s property developers have had better results from selling luxury properties to mainland tycoons, with one real estate magnate… Read More>>
The Executive Centre Calls Off $750M Sale Amid Hong Kong Unrest
Just days before final bids were due to be received in a proposed sale of The Executive Centre, the shareholders of the Hong Kong-based shared office provider have halted the sale, according to a statement received by Mingtiand from the… Read More>>
Co-Founder of Hong Kong’s Campfire Leads HK$170M Community Mall Purchase
A co-founder of Hong Kong shared space firm Campfire has teamed up with a former executive of Hong Kong-based developer Sunlink to buy a suburban community mall in the New Territories that has stood empty for over ten years.
The… Read More>>
Hong Kong Restaurant Operator Puts Central Space on Market for HK$400M
Hong Kong restaurant operator Tsui Wah Holdings is said to be offering for sale its flagship location in Central at an asking price of HK$400 million ($51 million), as the city’s ongoing civil unrest chips away at consumer spending.
The… Read More>>
CSI Ready to Redevelop Site in Hong Kong’s Central After HK$185M Acquisition
Hong Kong-listed CSI Properties has acquired the remaining four floors in a building on Wellington Street in Hong Kong’s Central district for HK$185 million ($23.59 million), according to an account in the Hong Kong Economic Times
The purchase brings the… Read More>>
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