Sun Hung Kai Properties has agreed to pay the largest sum ever at a government land sale in one of the world’s most expensive real estate markets when the listed real estate developer won a government tender for a residential… Read More>>
Hanison and Angelo Gordon Sell Sheung Wan Building to Hugo Lam for HK$1.1B
Hanison Construction and Angelo Gordon have sold a commercial building in Sheung Wan to a joint venture between mainland investor Hugo Lam and Hong Kong-listed Asia Cassava Resources for HK$1.1 billion ($140 million).
The acquisition by the joint venture provides… Read More>>
Omnichannel Retail is Coming to Hong Kong, But Don’t Expect Lower Rents Says JLL
The future of retail is about to be delivered to Hong Kong’s commercial developers, and it’s coming via the Internet, according to a report released today by property consultancy JLL.
The company’s report on the city’s shopping scene, “Reimagining Retail… Read More>>
Nan Fung Said Poised to Sell Kowloon Bay’s Octa Tower for HK$8B
Nan Fung Group is reportedly close to selling an office tower in Hong Kong’s Kowloon Bay area for HK$8 billion ($1 billion) to a mainland Chinese consortium. The deal, if closed, would be the second-largest real estate transaction in the… Read More>>
Sino Land and CSI Properties Win MTR Kowloon Site For $484M
Sino Land and CSI Properties have won the tender to develop a residential site in Yau Tong at the southeastern end of Kowloon for an estimated HK$3.8 billion ($484 million).
The tender for the Hong Kong site was awarded to… Read More>>
New World Development Wins $2.5B Skycity Project at Hong Kong Airport
New World Development has won the right to develop a HK$20 billion ($2.5 billion) commercial complex adjacent to the Hong Kong International Airport that will be almost five times the size of the city’s IFC Mall.
The city’s Airport Authority… Read More>>
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>
Esprit Bails on HK$2M Per Month Causeway Bay Flagship Store
Hong Kong-listed fashion brand Esprit Holdings will not renew the lease for its flagship store in Causeway Bay, according to local media reports.
The lease for the 7,000 square foot (650 square metre) store in Leighton Centre at 77 Leighton… Read More>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.
The 33rd floor of… Read More>>
Knight Frank Builds Overseas Project Marketing Team with Twin Hong Kong Hire
Global property consultancy Knight Frank is bringing a pair of cross-border sales specialists on board to market residential projects in the UK to buyers in Hong Kong. Mei Wong and Fiona Priest are joining the company’s Hong Kong office to… Read More>>
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