For residents suffering through a New York winter, or commuting on the tube in London, Hong Kong seems glamorous — walking down the streets in skyscrapers-filled Central, partying in nightlife hotspot Lan Kwai Fong or getting a tan beside… Read More>>
Investor Tries for $25M Profit in 7 Months on Floor in HK’s World-Wide House
A floor in Central’s World-Wide House, one block away from Hong Kong’s Exchange Square, is reported to be open to tender with an asking price of HK$800 million ($102 million). The seller bought the property in July of last year,… Read More>>
Wharf Sets New Kowloon Price Record With $1.6B HK Site Buy
Another record-breaking plot of residential land sold in Hong Kong, although this time not to a mainland developer. Hong Kong’s Lands Department announced today that local champion The Wharf won a tender for a site in Kowloon Tong, a traditional… Read More>>
Richard Li Buys Central Project From CSI for HK$2B
Richard Li’s Pacific Century Premium Developments (PCPD) has agreed to pay HK$2 billion ($256 million) to a company run by a former associate of the second-generation tycoon in return for ownership of a prime housing site in Hong Kong’s Central… Read More>>
HNA Borrowing Cash From Sun Hung Kai for Kai Tak Projects
China’s HNA Group is in talks with leading Hong Kong developer Sun Hung Kai Properties for a loan to refinance its repayment liabilities in connection with its residential mega-project in the city’s Kai Tak area, according to a media report.
Payson Cha’s Hanison Buys Apartment Block in HK’s Sheung Wan for $65M
Tycoon Payson Cha’s Hanison Construction Holdings has picked up a block of serviced apartments in Hong Kong’s Sheung Wan neighbourhood for HK$506 million ($64.7 million), according to a report in the Hong Kong Economic Times. The purchase of the building just… Read More>>
Credit Suisse Says Housing Market Cooling Down and More Hong Kong Real Estate Headlines
After a year of sizzling price increase, Hong Kong’s housing market leads the news today with signs of a cool down. Also in the headlines, a strata-titled office floor has changed hands and the city’s housing crisis may get some… Read More>>
New World’s Victoria Dockside Breaks Record For Kowloon Office Rents
New World Development’s K11 Atelier tower on the Tsim Sha Tsui waterfront has just leased out a full mid-level floor for a monthly rent of HK$2.6 million ($332,413), or HK$95 per square foot, according to a media report. The rate… Read More>>
Former Swire CEO Keith Kerr’s Debut HK Project Sells Nearly 50% of Units
Former Swire Properties chairman Keith Kerr’s The Development Studio (tds) has completed its first real estate project with nearly half of the units already sold.
Facing the Soho entertainment neighborhood in Hong Kong’s Sheung Wan area, 28 Aberdeen Street is… Read More>>
China Taiping and Friends Buy HK Office Tower From Henderson for $1.3B
Henderson Land Development has signed an agreement to sell an office tower in Hong Kong’s North Point for HK$9.95 billion ($1.27 billion), to mainland-backed firm Fans Group Limited, according to media accounts. The reported deal would set a new record… Read More>>
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