Hong Kong has witnessed its second major sale of an office property in less than 24 hours, with the manager of Mapletree Pan Asia Commercial Trust (MPACT) announcing late Wednesday that it has agreed to sell part of the Festival… Read More>>
Kerry Defies Hong Kong Luxury Slump to Sell Kowloon Villa for $64M
Kerry Properties is realising some rich returns from a bet on Hong Kong’s high-end Beacon Hill neighbourhood, having agreed to sell a detached home at its Mont Rouge residential project for HK$508 million ($64.7 million), according to transaction records posted… Read More>>
Mong Kok Site Sells for 20% Off and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a mixed-use plot in protest-hit Mong Kok has sold at a 16-year low price as real estate values continue to feel the weight of the city’s sliding economy. Also, in the headlines, an… Read More>>
New World Aims for Residential Redevelopment with HK$458M Kowloon Tong Buy
New World Development has acquired a set of flats in an upscale neighbourhood of Hong Kong for a combined HK$458 million ($58 million), as the developer closes in on another potential redevelopment project.
Land Registry documents reveal that 16 flats… Read More>>
Taoist Temple Takes Over Short-Time Hotel in Hong Kong’s Kowloon East
While analysts fret over the future of Hong Kong, there are signs that religion may be on the rise and vice in decline in the city after a Taoist temple in Kowloon East bought out a neighbouring short-time hotel.
The… Read More>>