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Hong Kong’s IFC Sets New Global Office Rental High at Over $25 Per Square Foot

2017/11/08 by Greg Isaacson 2 Comments

Two units on a high floor of Hong Kong’s Two ifc skyscraper have been leased out for HK$200 ($25.63) per square foot per month, setting a post-2008 record high for the world’s most expensive office leasing market.

The units covering… Read More>>

http://www.scmp.com/news/hong-kong/law-crime/article/2124959/fraudsters-cheat-hong-kong-investment-company-out-us5

Henderson Said Ready to Sell North Point Office Tower for $1.4B

2017/11/07 by Greg Isaacson Leave a Comment

Hong Kong’s Henderson Land Development is said to be fielding offers of up to HK$11 billion ($1.41 billion) for its new, 22-storey grade A office tower overlooking Victoria Harbour in North Point.

The top-five Hong Kong developer is understood to… Read More>>

Topshop Queen's Road, Centra

Topshop Notches 50% Rent Cut as HK Gets Retail Reality Check

2017/11/02 by Michael Cole Leave a Comment

Fast fashion brand Topshop has halved the rent on its home on Queen’s Road in Hong Kong’s Central district, as rates for retail space in the city adjust to a new reality.

The UK-based retailer of youth-oriented apparel and accessories… Read More>>

Li Ka-shing

Li Ka-shing Sets New HK Record with $5.15B Sale of The Center to Mainland-Backed Group

2017/11/02 by Michael Cole Leave a Comment

Hong Kong’s richest man just sold the city’s most expensive building for HK$40.2 billion ($5.15 billion), according to an announcement today by Li Ka-shing’s CK Asset Holdings to the Hong Kong stock exchange.

CK Asset, which was formerly known as… Read More>>

Raymond Kwok fixed

Sun Hung Kai Picks Up Kowloon Hotel Site for Record-Breaking $649M

2017/10/31 by Greg Isaacson Leave a Comment

Hong Kong development giant Sun Hung Kai has bought a hotel site in Cheung Sha Wan for HK$5.06 billion ($648.8 million), blowing past market expectations for the waterfront parcel and setting a per square foot price record for the city’s… Read More>>

Simon Bee

Designing an Iconic Waterfront for a Growing Hong Kong Sponsored Feature

2017/10/29 by Platform Sponsor 1 Comment

Hong Kong’s Victoria Harbour is about to be reshaped by a HK$12 billion redevelopment project, and a non-profit initiative jointly led by award-winning design firm Benoy is promoting discussion of how best to make use of the newest space where… Read More>>

He Binwu China Jinmao

Boss of China Minsheng Real Estate Unit Out After China Jinmao Raided by HK Anti-Graft Body

2017/10/26 by Greg Isaacson Leave a Comment

The chairman of a Hong Kong-listed developer controlled by China’s largest privately owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.

… Read More>>

Edward Cheng of Wing Tai

Wing Tai, CSI Team Up to Buy Site in Hong Kong’s Central for $1.5B

2017/10/25 by Greg Isaacson Leave a Comment

A pair of Hong Kong-listed developers, Wing Tai Properties and CSI Properties, has triumphed over eight other bidders to win the rights to redevelop a site in the city’s Central district, agreeing to pay a reported HK$11.6 billion ($1.49 billion)… Read More>>

Rosedale Hotel in Hong Kong’s Causeway Bay Sells for $211M

2017/10/23 by Greg Isaacson Leave a Comment

Hong Kong’s hotel investment market continues to heat up, with the Rosedale hotel in Causeway Bay reportedly selling to a director of Hong Kong’s Shun Ho Property Investments for HK$1.65 billion ($211.4 million).

Jonathan Cheng (鄭啟俊), a director of Shun Ho… Read More>>

Xie Yonglin Ping An Bank

Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central

2017/10/21 by Michael Cole Leave a Comment

Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.

The mainland financial institution… Read More>>

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