Hong Kong-listed Far East Consortium has agreed to sell the commercial portion of a project on the former Kai Tak airstrip for a consideration of HK$3.38 billion ($433.3 million), just two weeks after joining with New World Development to acquire… Read More>>
Years after its international airport closed down, a former landing strip in Hong Kong’s Kai Tak area has again become a centre of activity in recent weeks with China Overseas Land & Investment announcing on 26 November that it has… Read More>>
Cash-strapped Kaisa Group is the latest mainland developer to offload assets in a scramble to repay debts, as the Shenzhen builder has now agreed to sell its half stake in a once-prized residential site on Hong Kong’s former Kai Tak… Read More>>
Warburg Pincus-backed Weave Living has agreed to purchase a Kai Tak hotel as its sixth Hong Kong property, spending close to HK$390 million ($50 million) for the asset as the multi-family residential specialist continues to expand its portfolio.
Weave is… Read More>>
In today’s roundup of regional news headlines, US-based Digital Realty reportedly considers a trust IPO in Singapore, casino giant Las Vegas Sands is hit with a $12 billion lawsuit in Macau, and ESG-linked borrowing soars to a record high in… Read More>>
In today’s roundup of regional news headlines, a Chinese private equity firm reportedly sells a five-star Sydney hotel, casino operator Genting Singapore posts a first-quarter profit decline, and buyers jump on new flats for sale in Hong Kong’s Kai Tak.
In today’s roundup of regional news headlines, Bank of America files a motion to dismiss the bankruptcy cases of Eagle Hospitality Trust entities, Singapore’s Perennial Holdings and partners win a bid to develop an HSR-adjacent plot in Hangzhou, and Hong… Read More>>
In our latest roundup of regional news headlines, Hong Kong tycoon Li Ka-shing sets his sights on a SPAC for raising funds, the US government closes the sale of its Shouson Hill compound after a delay, and Singapore’s Straits Trading… Read More>>
CK Asset bested four other local tenderers to win the final residential plot on the former Kai Tak airport runway with a bid of HK$10.28 billion ($1.33 billion), Hong Kong’s government announced on Wednesday.
The property development arm of Li… Read More>>
After a record-breaking land sale at Victoria Peak just before year-end, Hong Kong authorities are boosting the supply of residential plots coming to market in the next three months, despite ongoing uncertainty in the housing market.
The city’s secretary for… Read More>>