Singapore’s Mapletree Investments has reportedly received a HK$9 billion ($1.15 billion) offer from mainland China-based Zhongrong Holdings Group for its Mapletree Bay Point office building in Hong Kong’s Kowloon East area, according to market sources familiar with the negotiations who… Read More>>
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional business centre of Admiralty and move to One Taikoo Place in Quarry Bay next year.
The Chicago-based… Read More>>
Bangalore, Singapore and Shenzhen Lead Ranks of Top Tech Locations in Asia
Bangalore, Singapore, and Shenzhen lead a list of top locations for high tech companies to set up shop in Asia, according to a report released this week by property consultancy Colliers International.
The trio of cities representing mainland China, Southeast… Read More>>
How to Build 970 Homes Above a Hong Kong MTR Station Sponsored Feature
Hong Kong’s Mass Transit Railway system has nearly doubled in capacity over the last twenty years, helping to make developer CK Asset’s Ocean Pride project – which connects directly to the Tsuen Wan West MTR station in the New Territories… Read More>>
Law Firm Flees Hong Kong’s The Center for Wanchai as Office Rents Keep Climbing
Offshore incorporation specialists Maples and Calder, are giving up the 53rd floor of The Center on Hong Kong’s Queen’s Road, as yet another international company flees the world-leading rents of Hong Kong’s Central district.
The law firm’s new home will… Read More>>
Government Auction of Site at Hong Kong’s Peak Could Bring $4.1B Bid
Hong Kong’s real estate market has been going vertical for more than two years, and a government auction for a site in the city’s loftiest residential area is expected to stoke competition among developers from across greater China hoping to… Read More>>
HK’s Shop King Swaps Wan Chai Hotel for Sai Kung Site in HK$1.4B Deal
Hong Kong billionaire Tang Shing-bor, known as the city’s “Shop King”, is trading an 80-room hotel in Wan Chai in exchange for a potential housing site in Sai Kung, a suburban area of the city, in a deal that involves… Read More>>
HNA Sheds Unused HK Trophy Office in Battle for Liquidity
Cash-strapped mainland conglomerate HNA is shedding all eight floors of its unused office space in Hong Kong’s Central district, in a bid to trim HK$12 million per month in rent from its wall of liabilities, according to sources familiar with… Read More>>
Shenzhen Developer Spends HK$4.8B Buying Pair of Hong Kong Luxury Sites
The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential site five minutes walk from billionaire Jack Ma’s home near Hong Kong’s Victoria Peak for HK$3 billion ($384.6 million), according to local media accounts.
Spaces Opens Kowloon East Centre as Second New HK Venue in 30 Days
The race to open new co-working centres in Hong Kong reached another milestone last week when IWG-owned Spaces debuted its second new venue in the city within the last month.
The 37,500 square foot (3,483 square metre) Spaces Wai Yip… Read More>>
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