In our round up of what’s hitting the real estate headlines in Asia today, Hong Kong surges ahead with reports of panic property buying and dubious land payments, but drops behind in the race to be the best investment destination… Read More>>
Vanke Picks Up Latest Piece for Kowloon Project and More Hong Kong Real Estate Headlines
Compulsory sales are moving to the forefront of Hong Kong’s real estate news this week as mainland developers China Vanke and Agile Property are joining a game that has long helped local players enjoy healthy margins.
With Vanke completing… Read More>>
Goldin Buys Kai Tak Stake From Chairman and More Hong Kong Real Estate Headlines
Working on a short week Hong Kong’s real estate investors and operators still managed to complete a number of high profile investment and leasing deals before the Easter holiday, including major transactions in the Kai Tak area. The largest deal… Read More>>
New HK Office Leases Drop 30% in March and More Asia Real Estate Headlines
China’s first quarter surge of liquidity is already helping to boost mainland home prices, but relief may not yet have spread beyond its borders, judging by reports from around the region this week. In Hong Kong, a paucity of mainland… Read More>>
Buyer of HK$9.95B Henderson Project in Hong Kong Arrested for ‘Mafia Practices’
China Create Capital Ltd burst into the headlines early last year when the little-known investment firm purchased a Hong Kong office building from Henderson Land for HK$9.95 billion ($1.27 billion).
Now the Shenzhen-based financial firm, which purchased the 22-storey office… Read More>>
Troubled Mainland Investor Sells Wan Chai Office Floors for HK$1.8B in Liquidation Sale
Troubled investors from mainland China continue to generate activity in Hong Kong’s real estate market, with a set of three office floors belonging an energy firm having recently sold in Wan Chai just over a year after the company’s chairman… Read More>>
Goldin’s Pan Sutong Sells Kowloon Bay Project for HK$5B
Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
Chinachem Sues Kr Space for HK$500M After HK Co-Working Lease Collapse
Hong Kong-listed Chinachem is suing Kr Space for HK$500 million ($63.8 million) accusing the mainland co-working space provider of breaking a five-year lease contract, according to a writ filed by the property developer with Hong Kong’s High Court.
Kr Space,… Read More>>
HNA Sells Mansion at Hong Kong’s Peak at 22% Loss After One Year
HNA Group is said to have sold a site with two historical homes in Hong Kong’s prestigious Victoria Peak area for HK$550 million ($70 million), suffering a more than 22 percent loss on the property just over one year after… Read More>>
WeWork Said Leasing Six Floors in TST as Hong Kong Expansion Continues
US co-working unicorn WeWork still has its foot on the gas in Hong Kong with local news sources saying the flexible space startup has just taken on six new floors in Wharf’s Harbour City complex near the Star Ferry terminal… Read More>>
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