Hong Kong’s Central has rents so high that even a $900 billion investment bank has decided to flee the city’s traditional business district. Goldman Sachs is said to be moving its back office staff to a new location three metro… Read More>>
Country Garden, COLI Join Bidding for Tsing Yi Site and More Hong Kong Real Estate Headlines
They’re back. Or maybe they never really left, but three of China’s biggest developers reappeared in Hong Kong’s property news late last week as the mainland heavyweights joined the bidding for mixed-use site in Tsing Yi. And the New Territories… Read More>>
Over 20 Developers Show Interest in MTR’s Yau Tong Project and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a residential site belonging to the MTR Corporation in southeastern Kowloon’s Yau Tong area received expressions of interest from over 20 developers, including local champions Wheelock and New World, as well as top… Read More>>
$2.7B Kai Tak Project Could Break Record for Hong Kong’s Priciest Housing Site
A development consortium including Wheelock, K Wah International and Sino Land shocked Hong Kong by paying a record HK$17.28 billion ($2.21 billion) for a waterfront residential site in Cheung Sha Wan late last year. Five months later, a residential lot… Read More>>
Mainland Developer Confirms $169M Purchase of Kowloon Space From CSI and Phoenix
Mainland developer Fullsun International has acquired five floors in a Kowloon East office project from CSI Properties and Phoenix Property Investors for HK$1.3 billion ($169 million), a filing by the company shows. Fullsun’s announcement of the deal comes just a week… Read More>>
CSI Properties Said Close to Buying Kowloon Commercial Tower for HK$2.5B
CSI Properties is reportedly close to acquiring a commercial building in the Jordan area of southern Kowloon, Hong Kong for HK$2.45 billion ($312 million).
The Hong Kong-based developer operated by Mico Chung Cho-yee is locked in exclusive talks to buy… Read More>>
Jewelry Group Bags Office in Shatin for HK$650M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Luk Fook Holdings may be betting that the city’s real estate is even more valuable than the gold it sells in its shops after the jewellery retailer acquired four floors in an office… Read More>>
WeWork Leases Four Floors From Swire in Hong Kong’s Quarry Bay
WeWork has leased four floors in Swire Properties’ Taikoo Shing on Hong Kong island, the company has revealed to Mingtiandi, as the US co-working startup confirms an expansion plan first reported last November.
The 54,000 square foot space in Cityplaza… Read More>>
Li Ka-Shing Retires, Son Victor to Take Over Real Estate and Corporate Empires
What happens when the investor known as Superman decides to hang up his cape? The answer to that question may soon be known after Li Ka-shing announced in Hong Kong today that he would be stepping down from atop his… Read More>>
Property Income Propels Swire’s 55% Surge In Profit and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, strong property income has helped Swire Pacific to offset its losses in aviation and marine services. Also in the headlines, mortgage offered by government-owned agency jumped by 30 percent last year. All these… Read More>>
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