Distressed mainland conglomerate HNA Group has reportedly taken a big loss on properties it owned in Hong Kong’s Causeway Bay district, selling them off this past week for HK$70 million less than what it paid for them just last year.
Industrial Sales Hit 18-Month Low in October and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s once robust industrial market has become the latest casualty of the property market downturn as the volume of warehouses and workshops traded in October sank to an 18-month low. Asset owners… Read More>>
Henderson, New World, Wheelock and Empire Win Kai Tak Site for HK$8.33B
A four company consortium featuring some of Hong Kong’s biggest developers was announced as the winner of a government tender for a residential site in the city’s Kai Tak area today, picking up the prime plot at what could be… Read More>>
Kai Tak Runway Site Tender Struggles to Take Off With Developers
A land parcel on what was once the take-off point for Hong Kong’s international airport, and the first housing site to be made available on a former Kai Tak runway, failed to take flight with developers on Friday when only… Read More>>
HNA Reportedly Seeking HK$5B to Refinance Kai Tak Project
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>>
$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>>
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