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>>
Nan Fung Said Poised to Sell Kowloon Bay’s Octa Tower for HK$8B
Nan Fung Group is reportedly close to selling an office tower in Hong Kong’s Kowloon Bay area for HK$8 billion ($1 billion) to a mainland Chinese consortium. The deal, if closed, would be the second-largest real estate transaction in the… Read More>>
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>
Hugo Lam Buys Kwun Tong Industrial Site for HK$1.6B With Plans for New Office Project
One of Hong Kong’s most aggressive real estate speculators is making good on a pledge of love for Kowloon East, as Hugo Lam Chi-fung has scooped up a Kwun Tong industrial site for HK$1.6 billion ($204 million).
This latest real… Read More>>
Link REIT Mall Investor Sells Three Office Floors in Kowloon For $148M
A private investor who owns a portfolio of Link REIT shopping centres is reported to have sold three office floors in a Kowloon city residential and commercial complex for HK$1.16 billion ($148 million), according to local media accounts.
The third,… 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>>
Mainland Developer Confirms $169M Purchase of Kowloon Space From CSI and Phoenix
Mainland developer Fullsun International has acquired five floors in a Kowloon East office project from CSI Properties and Phoenix Property Investors for HK$1.3 billion ($169 million), a filing by the company shows. Fullsun’s announcement of the deal comes just a week… Read More>>
Angelo, Gordon and Chellarams Buy 9 Floors of Kwun Tong Building For HK$2.5B
Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have recently paid HK$2.5 billion ($320 million) for nine floors in an office building in the Kwun Tong area of Hong Kong’s… Read More>>
Naked Hub Leases Two Floors From SHK for Kowloon East Centre
Naked Hub has leased two floors in Sun Hung Kai Properties’ Two Harbour Square in Kowloon East for its third centre in Hong Kong. The Shanghai-based co-working operator is now set to occupy the office tower’s top two floors covering… Read More>>
Phoenix Announces Sale of Pair of Hong Kong Properties for Combined $322M
Phoenix Property Investors seized the opportunity presented by Hong Kong’s surging real estate market by announcing the sale of a pair of properties in the city this week for a combined $322 million.
The two disposals by the private equity… Read More>>
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