Vincent Lo’s SOCAM Development Limited is ready to sell off a commercial building in Hong Kong at a nearly 12 percent mark-up over what it paid to acquire the Kowloon East asset just six months ago, according to an announcement… Read More>>
Pan Sutong, chairman of Hong Kong’s Goldin Group, and the city’s 16th richest man, has sold a commercial site in the Kowloon Bay area for an estimated HK$5 billion ($640 million), according to an account in the Hong Kong press.
Hang Lung Properties bought out the remaining space that it did not yet own in a 68-year-old industrial building in Kowloon East this week, clearing the way for the Hong Kong-listed builder plans to redevelop the site into a residential… Read More>>
Hanison Construction Holdings has agreed to purchase an industrial building in Hong Kong’s Kowloon East area just five months after the city’s government said it would reboot a program to encourage redevelopment of workshops, warehouses and go-downs for new uses.
Private equity firm PAG has purchased Mapletree Bay Point, a prime office building in Hong Kong’s Kowloon East area which is home to both HSBC and WeWork, according to sources familiar with the transaction who spoke with Mingtiandi.
The acquisition… Read More>>
China Overseas Land & Investment (COLI) picked up Hong Kong’s final residential plot of the year for a bargain HK$8.03 billion ($1.03 billion), as clouds gather over Asia’s most expensive real estate market.
The state-run mainland developer purchased the site on… Read More>>
Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as occupier demand slows after years of competition for space in the regional finance hub, according to… Read More>>
Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
Hong Kong’s Lands Department on Wednesday announced that a residential site on what was once the runway of the city’s Kai Tak Airport has been awarded to Hong Kong financial conglomerate Goldin Group for HK$8.9 billion ($1.14 billion).
The 9,708… Read More>>
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>>