HNA is reportedly seeking to borrow as much as HK$5 billion ($637 million) to refinance and begin construction on its sole remaining condo project in Hong Kong’s Kai Tak area, just two months after the mainland conglomerate sold the third… Read More>>
Henderson JV Said Selling TST Building for HK$4B and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a 19-storey Ginza-style commercial building owned by Henderson Land and Lai Sun Group is reportedly nearing a sale to an unidentified buyer for HK$3.9 billion. Also in the headlines, Tuesday’s record-breaking Kai Tak… Read More>>
Sun Hung Kai Buys Kai Tak Site For $3.2B in Hong Kong’s Biggest Recorded Land Sale
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>>
Soy Milk Heiress Buys Sting’s NYC Flat for $50M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong roundup, a billionaire heiress to a soy milk empire has been revealed as the mystery buyer of British rocker Sting’s massive penthouse overlooking Central Park in Manhattan. Also in the headlines, a residential plot in the… Read More>>
Buyers of The Center Funding $5.2B Deal Via Bonds and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, buyers of the world’s most expensive building are confirmed to be selling bonds to institutional investors to fund the HK$40 billion purchase. The innovative bit of financial engineering reduces the number of lenders in the deal,… Read More>>
US$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>>
HNA Group Sells Kai Tak Site to Hong Kong’s Wheelock for $811M
Cash-strapped HNA has grabbed another lifeline from a Hong Kong developer to help crawl its way out of debts estimated at $100 billion. In the latest attempt to bail out its balance sheet, the Hainan-based conglomerate agreed to sell one… Read More>>
Kowloon High Speed Rail Terminus Site Could Spawn $18B Hong Kong Land King
The Hong Kong government has unveiled its land sale programme for the new financial year from April 2018 to March 2019, including four commercial sites and 27 residential sites. Drawing the most attention is a 6-hectare commercial site above the… Read More>>
Hong Kong Boosts Land Sale Transparency in Battle Against Crazy Bidders
Hong Kong is learning from its all-time rival Singapore as it seeks to tame the city’s land prices. In addition to the tender amount of the successful bidder in land sales, the Hong Kong government will now publish the amounts… Read More>>
HNA Pledges HK$3B Stake in Kai Tak Developer to PAG in Return for Loan
What was once the site of one of Asia’s most challenging airports is rapidly turning into a lifesaver for China’s debt-addled HNA Group after the mainland conglomerate announced a deal yesterday that could provide it with a loan of as… Read More>>
