Hong Kong’s real estate market went from red hot to frostbitten between June and October, with purchases of property assets in the city dropping by as much as 65 percent from the previous quarter in some market sectors.
Real estate… Read More>>
Swire Properties Wins Approval for Residential Project in Eastern Hong Kong
Hong Kong-listed Swire Properties has teamed up with China Motor Bus Company to redevelop a former bus depot in eastern Hong Kong into a large combined residential and commercial space, according to a Swire representative who spoke with Mingtiandi.
The… Read More>>
Henderson Land and Friends Seek $6B in Financing for Kowloon Mega-Project
Hong Kong-listed real estate developer Henderson Land is leading a consortium of property firms in the city in an effort to raise about HK$46 billion ($6 billion) via bonds and loans, according to sources cited by Bloomberg. to push forward a… Read More>>
Chinachem Group Buys $1.63B Kowloon Condo Site in Hong Kong
Hong Kong-listed real estate developer Chinachem Group was announced on Monday as the winner of a public tender for a residential site in the Ho Man Tin area of Kowloon East estimated to be worth nearly HK$13 billion ($1.66 billion).
Evergrande Hopes to Pawn Hong Kong Office Tower in Return for $1.5B Loan
The mainland’s largest developer by sales in 2017, China Evergrande Group, is resorting to pawning its most valuable offshore asset in an effort to raise $1.5 billion to pay down its debt and make dividend payments, according to a Reuters… Read More>>
SMBC, Dufry Sign New Leases in Kowloon’s Hung Hom Area as More Corporates Flee Central
While Hong Kong’s investment market has slowed down in the past two months, excitement over the opening of the Hong Kong-Zhuhai-Macau bridge is helping to give the city’s office rental market a boost, especially in the emerging Kowloon East commercial… Read More>>
HK Commercial Deals Fell 51% in Sept – Turning Up Pressure on Speculators
Hong Kong’s housing market made headlines earlier this month when home prices fell for the first time in nearly two and a half years, after an unprecedented bull run.
Now data is emerging to show that the trend in the… Read More>>
HK Govt Cancels $4.1B Peak Land Sale as Developers Lowball Luxury Site
The Hong Kong government on Tuesday cancelled a land sale for the first time since January 2016, as it withdrew a luxury site near Victoria Peak which it had hoped would bring bids as high as HK$32.3 billion ($4.1 billion).
Mainland Developer Hopson Buys a Floor in The Center for HK$1.1B
Hong Kong-listed builder Hopson Development announced last week that it has become the latest mainland buyer of a floor in the Center, a premium office property located in Hong Kong’s Central business district.
The Guangdong-based builder is paying approximately HK$1.1 billion… Read More>>
Goldman-Backed Co-Working Startup Atlas Valued at $871M in Latest Funding Round
Goldman Sachs-backed co-working provider Atlas on Friday announced that it has completed a new round of financing which values the Guangzhou-based firm at HK$6.8 billion ($871 million) following completion of the investment.
The flexible workplace provider founded by Chen Sze… Read More>>
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