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Bernadette Linn Director of Lands

Hong Kong Cancels Kai Tak Site Sale as Developers Bid Low

2019/01/31 by Jan Kot Leave a Comment

Analysts are already predicting a quick rebound in Hong Kong’s property market, but the city’s developers may still need a bit more convincing, judging by the failed sale of a prime commercial site this week.

The Hong Kong government on… Read More>>

HNA Chen Feng

HNA in Talks for Sale of Last Plot in Hong Kong’s Kai Tak

2019/01/28 by Jan Kot 1 Comment

HNA Group is in talks to sell its fourth and final plot of development land at Hong Kong’s former Kai Tak airport, according to a company filing to the Hong Kong Stock Exchange, as the distressed mainland conglomerate attempts to bail… Read More>>

Nancy Yip of IWG

Spaces Opens 20-Storey Co-Working Centre in HK’s Central District

2019/01/28 by Michael Cole Leave a Comment

Spaces, a co-working stablemate of flexible office giant Regus, has opened its fourth and largest location in Hong Kong, unveiling a 77,000 square foot (7,153 square metre) facility in the western end of Central district last week.

Spaces Sun House… Read More>>

Raymond Kwok

Sun Hung Kai Buys Kai Tak Site for $1.43B

2019/01/24 by Jan Kot Leave a Comment

Hong Kong’s Lands Department on Wednesday announced that a plot of residential land on what had been the runway of the city’s former Kai Tak Airport has been awarded to local development giant, Sun Hung Kai Properties, for HK$11.26 billion… Read More>>

Alain Bertaud

Hong Kong Wins Housing Misery Contest for 9th Straight Year

2019/01/21 by Michael Cole Leave a Comment

Hong Kong housing has been ranked as the least affordable in the world for a ninth straight year, according to the results of a survey published today by non-profit group Demographia.

The median home price in the Asian financial capital… Read More>>

Mount Nicholson Hong Kong

Hong Kong Homebuyer Eats HK$36M Deposit to Renege on Mount Nicholson Deal

2019/01/13 by Michael Cole Leave a Comment

Less than two weeks after agreeing to purchase a home at Hong Kong’s Jardine’s Lookout for HK$721.88 million ($92.1 million), an unnamed buyer has walked away from the deal, forfeiting a HK$36 million deposit, according to Hong Kong public records.

… Read More>>

chen feng HNA

Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees

2019/01/10 by Michael Cole Leave a Comment

Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.

A unit of Hongkong Land is suing HNA Group after… Read More>>

Victor Li CK Asset

CK Asset Proposes Converting Hong Kong Hotel into 5,000 Homes

2019/01/10 by Jan Kot Leave a Comment

Hong Kong conglomerate CK Asset is proposing to convert a Hong Kong hotel into a 5,000-unit housing estate, the company revealed in a filing with the city’s town planning board.

The listed company controlled by the family of retired tycoon… Read More>>

ricky lau savills

Hong Kong Office Rents Rose to Record Levels in Q4 Despite Slowdown

2019/01/09 by Michael Cole Leave a Comment

Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to record levels in the fourth quarter, reaching an average of HK$146 ($18.62) per square foot per month on a net… Read More>>

16 Shouson Hill Road

Mainland Developer Said to Back HK$1.86B Purchase of Hong Kong Luxury Site

2019/01/05 by Jan Kot Leave a Comment

Carnival Group International Holdings has agreed to sell a low-density residential project on the south side of Hong Kong Island for HK$1.86 billion ($237 million), according to a Hong Kong Stock Exchange filing, bringing the tourism-focused developer a 43 percent capital… Read More>>

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