WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
Mainland Buyers Scooped Up 45% of HK’s Land and 64% of Offices Sold in 2016 1H
If residents of Hong Kong feel like mainlanders are buying up half the town, they might not exaggerating, as recently released research shows that developers and investors from north of the border have scooped up most of the office space… Read More>>
Li Ka-Shing’s CK Property Jumps Back into HK Market with $252M Site Acquisition
Pronouncements of Li Ka-shing’s retreat from Greater China real estate markets may have missed the mark after Hong Kong’s richest man beat out Sun Hung Kai, China Vanke and 14 other bidders to win its first Hong Kong land auction… Read More>>
Henderson Land Sells Golden Centre in Hong Kong for $563M
Henderson Land has agreed to sell Golden Centre in Hong Kong’s Sheung Wan district to an undisclosed buyer for HK$4.4 billion ($563 million) according to a statement by the real estate developer to the Hong Kong stock exchange.
While Henderson… Read More>>
Prosperity REIT Acquires Kowloon Tower From Phoenix for HK$1.9B
Prosperity REIT has agreed to acquire a 24-storey commercial building in Kowloon’s Kwun Tong area from Phoenix Property Investors, as the two property investment specialists continue to cash in on demand for office space in developing districts of Hong Kong.
WeWork Opens in Hong Kong with Funding, Brand Power and Uncertainty
WeWork opened its doors in Hong Kong for the first time on Thursday as the US co-working startup continues its expansion into Asia. The company’s initial foothold in the Asian financial centre occupies nearly 100,000 square feet (9,290 square metres)… Read More>>
Li Ka-Shing Could Make HK’s Biggest Property Deal With $4.5 Bil Sale of The Center
Hong Kong’s richest man could make the city’s biggest property sale, thanks to the support of mainland investors hungry for properties in the Asian financial hub.
The Center office tower, the tallest building in the portfolio of Li Ka-shing’s Cheung… Read More>>
Brexit Saves London From Being World’s Most Expensive Place to Work
Brexit may already being paying dividends for London – provided that the goal of the historic decision to leave the European Union was to make the UK’s capital look cheaper than New York and Hong Kong.
After sitting atop the… Read More>>
Mainland Billionaire Spends $580M to Add One Harbourgate to HK Portfolio
A Chinese property investor who spent HK$2.1 billion ($271 million) in June to acquire Hong Kong’s most expensive home has added to his portfolio in the city with the HK$4.5 billion ($580 million) purchase of the east tower in Wheelock… Read More>>
Mainland Developers Back Away From HK Amid Slump and More Asia Real Estate Headlines
China’s development giants are joining Hong Kong’s local heavyweights in staying away from land auctions in the SAR, CSCEC is moving forward with another US project, and mainland home buyers are favoring North America and Australia in the wake of… Read More>>
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