Hong Kong “Shop King” Tang Shing-bor has entered into a sale and purchase agreement with a joint venture between Hanison Construction Holdings and a fund managed by China Merchants Capital to buy a Kwai Chung industrial building for HK$1.1 billion… Read More>>
Hong Kong Commercial Real Estate Transactions Fell 42% in 2019 Q2
As discontent over the government’s extradition bill roiled the Hong Kong economy, and with mainland authorities keeping a tight clamp on cash, commercial real estate transaction volume fell over 42 percent in Hong Kong during the second quarter of this… Read More>>
WeWork Said Leasing Four Floors of HK’s Hopewell Centre for HK$2.7M Per Month
Despite daily protests that have brought real estate activity to new lows in Hong Kong, co-working operator WeWork has continued to take up more space in the world’s most expensive office market.
The New York-based shared space specialist is said… Read More>>
Li Ka-Shing’s CK Asset Delays $1.5B HK Sales Launch and More Asia Real Estate Headlines
A luxury development leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a developer founded by tycoon Li Ka-shing has postponed planned sales launch at a luxury condominium project in Hong Kong worth a… Read More>>
Far East Consortium Pays HK$2.45B to Win Kai Tak Site at 9% Discount
Hong Kong’s Lands Department announced on August 12 that Far East Consortium International won a tender for the smallest plot of commercial land at Hong Kong’s former Kai Tak airport at a price of HK$2.45 billion ($312 million).
The local… Read More>>
Hong Kong Doubles Deposit on Land Tenders to HK$50M and More Asia Real Estate Headlines
Land deposits lead the way in Mingtiandi’s roundup of real estate headlines today with the news that the Hong Kong Lands Department is doubling deposit requirement on government land sales to HK$50 million ($6.3 million) after a nervous buyer backed… Read More>>
Savills Blames Brexit and HK Protests for 12% Drop in Profits
Savills has posted a half-year drop in group underlying profit of 12 percent in constant currency terms to £38.4 million, blaming Brexit and political unrest in Hong Kong, according to a stock exchange announcement.
Group underlying profit for Asia Pacific… Read More>>
New World Closes in on Buyout of Hong Kong’s State Theatre
New World Development has acquired three shops in Hong Kong’s historic State Theatre complex, paying more than double their estimated value as the developer closes in on its redevelopment plans for the 67-year-old theatre.
The listed building, which was put… Read More>>
Alpha Data Centre Fund Buys Sydney Site for A$30M and More Asia Real Estate Headlines
Sydney leads the way in Mingtiandi’s roundup of real estate headlines today with the news that a Singapore-based data centre fund has spent $20 million to purchase a 3,840 square metre (41,333 square foot ) plot in the Australian city… Read More>>
Dah Sing Bank Said Signing HK$3.42M Lease in Wan Chai’s Sunlight Tower
As strikes and protests continue to grip Hong Kong, banks in the Asian financial hub are still signing leases for new office space, even as rents are predicted to slide in the second half of 2019.
Hong Kong-based Dah Sing… Read More>>
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