Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
New World Sues HMV for HK$5M in Unpaid Rent and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… Read More>>
Design Leaders Descend on Hong Kong for Business of Design Week Sponsored Feature
In its 16th year, Business of Design Week has cemented itself as Asia’s premier annual event on design, innovation and brands.
The event attracts the world’s most outstanding design masters and influential business figures to Hong Kong. An invaluable platform… Read More>>
Hong Kong Home Prices Set to Drop 10% in Next 12 Months Says Moody’s
Hong Kong home prices have dropped for the past two months, but any investors dismayed by the market turn after 29 months of climbing prices should get ready for more of the same, according to analysts keeping a watch on… Read More>>
Luxury Home on Hong Kong’s Victoria Peak Could Sell for $76M
Hong Kong’s housing market may be in the doldrums but sales of high-end luxury properties are sailing smoothly enough for the city’s largest developer to put on the market a house that should sell for at least HK$145,000 ($18,517) per… Read More>>
Chinachem’s One Hennessy Office Tower Now 80% Leased in Hong Kong
Chinachem Group announced on Wednesday that its One Hennessy officer tower in Hong Kong’s Wanchai district has leased all but four of the available floors among its 21 storeys of office space some three months before the building’s scheduled completion.
Alibaba Co-Founders Buy Hong Kong Homes for $71.5M
Two co-founders of mainland e-commerce giant Alibaba Group are reported to have purchased a pair of luxury apartments in a posh part of Hong Kong’s southern district for a total of HK$560 million ($71.5 million), according to an account in… Read More>>
Hong Kong Home Sells for $23,000 Per Square Foot to Set New Asia Record
A house in southern Hong Kong island was sold recently for a record-high price of HK$180,000 ($22,985) per square foot, topping the list of Hong Kong’s most expensive homes ever purchased, according to a report in the city’s Apple Daily.
Sequoia Leads $6.5M Series A Investment in SG Co-living Platform Hmlet
Singapore-based co-living platform Hmlet last week announced that it has raised $6.5 million in a series A round led by Sequoia India, the India affiliate of US venture capital giant Sequoia Capital.
The co-living startup, which has 13 locations in… Read More>>
Goldin Group Wins Latest Project in Hong Kong’s Kai Tak for HK$8.9B
Hong Kong’s Lands Department on Wednesday announced that a residential site on what was once the runway of the city’s Kai Tak Airport has been awarded to Hong Kong financial conglomerate Goldin Group for HK$8.9 billion ($1.14 billion).
The 9,708… Read More>>
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