Hong Kong developer Sino Land has outbid dozens of rivals to win a residential land site in the New Territories for HK$1.38 billion ($176.7 million), setting a new price record for Hong Kong’s Ma On Shan area in Sha Tin.
Naked Hub Unveils First Hong Kong Co-Working Centre in Sheung Wan
naked Hub, the Shanghai-based co-working startup, has just landed in Hong Kong, unveiling its first centre outside the mainland in the city’s Sheung Wan area. The new facility marks a milestone for the company backed by Gaw Capital as it… Read More>>
Champion REIT Looks to Sell Langham Place Office Tower as HK Market Surges
Champion REIT, a listed trust sponsored by Hong Kong developer Great Eagle, is testing buyer interest in the HK$8.5 billion ($1.1 billion) Langham Place office tower in Mong Kok, as a flurry of major deals drives record-high property values in… Read More>>
China Resources Land Buys Hong Kong Central Site for $141M
The Hong Kong buying binge by mainland developers continues unabated as China Resources Land (CR Land) beat out the Gaw family to pick up a residential site in the city’s Central district for HK$1.1 billion ($140.9 million), it was reported… Read More>>
Keppel REIT Buying $268M Stake in Melbourne Office Project and More Asia Real Estate Headlines
At the top of today’s headlines Singapore’s Keppel REIT has taken a shopping trip to Melbourne, Australia where it picked out a nice new office tower for its portfolio. Also in the news, Yanlord Land buys a site in Zhuhai… Read More>>
Evergrande’s $6.6B Bond Sale Drags Down Debt Market and More Asia Real Estate Headlines
Debt is the deal at the top of today’s headlines as a bond issue that stacked an additional $3.8 billion burden onto developer China Evergrande’s already weary balance sheet has shaken up international bond markets. Also in the news, Singapore’s… Read More>>
HNA Boss Launches Hong Kong Charm Offensive After Record Kai Tak Deals
HNA may have shattered price records when it scooped up a series of residential sites in Kai Tak in recent months, but the mainland conglomerate says it’s all part of an effort to tame the city’s skyrocketing housing costs.
The… Read More>>
Joy City Scores 49% Return By Flipping Hong Kong Office Floor for $77M
Mainland investors may have a keen appetite for Hong Kong office property, but one company from north of the border is taking advantage of ever-loftier values by offloading a prized piece of real estate in the city’s Central district. Shopping… Read More>>
Is Hong Kong’s Housing Market Set for a Plunge?
In Hong Kong, even micro-apartments just big enough to fit a car cost many times what the typical household earns each year. But there are signs that the world’s most unaffordable housing market may be reaching its limits, as a… Read More>>
Henderson Buys Kowloon’s Hoi Hing Apartment Project for $217M
Henderson Land Development bought the remaining stake in a 53-year-old Kowloon apartment block that it did not already own for the reserve price of HK$1.698 billion ($216.6 million) this week, with plans to redevelop the decrepit building into a new… Read More>>
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