A fund managed by TPG Angelo Gordon has teamed up with Wang On Properties to take advantage of Hong Kong’s cratering commercial property market by acquiring a hospitality asset in the city for conversion to student housing.
The US fund… Read More>>
Francis Law Sells Kowloon Retail Podium for 67% Below Pre-Pandemic Price
Real estate investor Francis Law has completed the HK$880 million ($113 million) sale of a Kowloon retail podium to City University of Hong Kong, with the property changing hands at a 67 percent discount to its pre-pandemic guide price.
The… Read More>>
Schroders Marketing Commercial Floor at Kowloon Complex After Cancelled Auction
Fund manager Schroders is having another crack at selling a Hong Kong commercial floor after a planned auction last year failed to take place.
The third floor of the Harbourfront Landmark, a residential and commercial complex in Kowloon’s Hung Hom… Read More>>
Receivers Sell Former Cheung Kei Hong Kong HQ at 62% Off as Banks Take Haircut
Hong Kong Metropolitan University (HKMU) has agreed to buy a Kowloon office building that once served as the Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the asset lost nearly two thirds of its value… Read More>>
Sale of Kowloon Office Block Faces Hurdles as $385M China Mobile Offer Reported
China Mobile is reportedly in talks to acquire the former Hong Kong headquarters building of defaulted mainland property firm Cheung Kei Group, after the grade A office asset lost nearly two thirds of its value over the past two years.
Tycoon Lo Yuk-sui’s Century City Consolidates Kowloon Site for Hong Kong Condo Project
Companies controlled by Hong Kong tycoon Lo Yuk-sui have acquired a tenement building in Kowloon’s Cheung Sha Wan area with plans to build 47,307 square feet (4,395 square metres) of new apartments in the redeveloping neighbourhood, despite a home sales… Read More>>
Stan Group Hotel Up for Sale as Student Housing Conversion in Kowloon
A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s hospitality market flounders and higher-end rental housing players stay on the sidelines.
Hotel Ease – Mong Kok is… Read More>>
University Buys Hong Kong Hotel for $128M as Mainland Enrollment Surges
Hong Kong Metropolitan University (HKMU) has acquired a 255-key hotel in Kowloon’s Hung Hom area for use as student housing, as the educational institution seeks to expand its accommodation space amid an influx of mainland Chinese students in the city.
Hong Kong’s Wang On Adds Chevalier as JV Partner for $243M Kowloon Residential Project
Hong Kong-based developer Wang On Properties is bringing on local conglomerate Chevalier International Holdings as a partner for a HK$1.9 billion ($243 million) residential joint venture in southeastern Kowloon’s Yau Tong area as it seeks to boost liquidity and reduce… Read More>>
Receivers Marketing Seized Kowloon Buildings at 59% Off as Banks Lose Patience
A pair of ageing buildings in Hong Kong’s Tsim Sha Tsui area have been seized from the family of the city’s late “Shop King” Tang Shing-bor and are being offered for sale at less than half of what the clan… Read More>>
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