The Hong Kong government has sold the biggest plot of land ever put on sale in the Asian financial hub to Sun Hung Kai Properties for HK$42.23 billion ($5.4 billion), according to an announcement by the city’s Lands Department.
The… Read More>>
China Mobile Leases Floor in Kowloon Commerce Centre to Expand 5G Service
Hong Kong’s office market may be mired in a slowdown, but one of mainland China’s biggest telecom providers is committing to more space in the city as it gets ready expand its 5G mobile service.
Telecom giant China Mobile has… Read More>>
HK$100B West Kowloon Site Expected to Bring JV Bids and More Asia Real Estate Headlines
All eyes are on a prime commercial site sitting atop West Kowloon’s high-speed rail terminus as developers line up joint bids for what should be Hong Kong’s most expensive property to ever go up for sale. Those quirky mainland millennials… Read More>>
Kowloon West Megasite Could Sell for HK$100B and More Asia Real Estate Headlines
Leading today’s top real estate stories from around the region, developers from Hong Kong and the mainland may soon be scraping up their change to bid for a prime commercial site atop Hong Kong’s high-speed rail terminus which could sell… Read More>>
Warburg Pincus Investing Up to $413M into Hong Kong’s Weave Co-Living
US private equity firm Warburg Pincus on Monday announced that it is investing up to $413.5 million into Weave Co-living, and has launched the partnership with a $181 million bet on the sharing economy startup.
The partnership with Weave is… Read More>>
Kowloon High Speed Rail Terminus Site Could Spawn $18B Hong Kong Land King
The Hong Kong government has unveiled its land sale programme for the new financial year from April 2018 to March 2019, including four commercial sites and 27 residential sites. Drawing the most attention is a 6-hectare commercial site above the… Read More>>
New World Grabs 3rd Cheung Sha Wan Site for HK$3B
New World Development has picked up its third commercial site this year in the Cheung Sha Wan area of Hong Kong for HK$2.97 billion ($380 million), bringing its total 2017 land purchases in the Kowloon neighbourhood to HK$15 billion ($1.92… Read More>>
China Shipbuilding Sets Price Record in HK$259M West Kowloon Office Buy
Mainland conglomerate China Shipbuilding Industry Corporation (CSIC) set a new price record for Hong Kong’s West Kowloon area recently with its HK$259 million ($33.2 million) purchase of the two top floors of an office building, along with naming rights for… Read More>>
