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Creditors Marketing Mainland Developer’s $890M Hong Kong HQ After Default

2023/05/09 by Christopher Caillavet Leave a Comment

A Hong Kong commercial building seized from China’s Cheung Kei Group in March has been put up for sale by the company’s creditors, adding to the list of distressed trophy assets being marketed in the city.

Savills is the sole… Read More>>

Chen Hongtian of Cheung Kei

Creditors Seize Cheung Kei Hong Kong HQ, Chairman’s Luxury Homes

2023/03/30 by Beatrice Laforga Leave a Comment

China’s Cheung Kei Group is adding to the grand mainland investor fire sale in Hong Kong with market sources confirming that the group’s corporate headquarters in Kowloon is being repossessed by Hang Seng Bank, while two luxury residences belonging to… Read More>>

Raymond Kwok of Sun Hung Kai Properties (Getty Images)

SHKP Preps Townplace West Kowloon ‘Aparthotel’ for Second-Half Launch

2023/03/11 by Christopher Caillavet Leave a Comment

Sun Hung Kai Properties plans to debut the flagship property under its Townplace rental residential brand in the second half of 2023, with the blue-chip builder touting the West Kowloon project as Hong Kong’s first large-scale “aparthotel”.

Located at 10… Read More>>

Stan Tang

Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets

2023/02/21 by Mingtiandi Team Leave a Comment

The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>

Douglas Wu of Fairland

Fairland Creates Spark City Lifestyle Hub to Energise Hong Kong’s Cheung Sha Wan Sponsored Feature

2023/02/17 by Mingtiandi Team Leave a Comment

Building on its experience developing and managing the neighborhood shopping mall Fairview Park Town Centre in suburban Hong Kong, Fairland Holdings is bringing its commercial real estate expertise closer to the city centre with the conversion of a former office… Read More>>

HQ in Mong Kok, Hong Kong

Schroders Sells Kowloon Office Tower for $45M as Hong Kong Opens Up

2023/01/17 by Greg Isaacson Leave a Comment

British asset management giant Schroders has sold a 15-storey office tower in Hong Kong’s Mong Kok area for HK$350 million ($44.8 million), more than three years after the property went on sale for double the price, according to local news… Read More>>

Martin Lee Ka-shing Henderson Land Development

Henderson-Managed Sunlight REIT Picks Up Kowloon Mall for $96M

2023/01/12 by Greg Isaacson Leave a Comment

Henderson Land Development’s Sunlight REIT is boosting its retail portfolio by picking up a three-storey shopping podium in Hong Kong’s West Kowloon area for HK$748 million ($95.8 million), with the listed trust picking up the asset at a nearly 12… Read More>>

Nick Tang Wang On

Angelo Gordon, Wang On Buying Kowloon Hotel From New World for $260M

2022/12/29 by Christopher Caillavet Leave a Comment

Wang On Properties has announced its first hospitality investment, teaming with US private equity shop Angelo Gordon to purchase the Pentahotel Hong Kong from New World Development for HK$2 billion ($260 million).

The 695-room hotel in Kowloon contains 285,000 square… Read More>>

Hong Kong Tycoon Li Ka-shing

CK Asset Paying $1.1B to Buy Second Hong Kong Residential Site in One Week

2022/12/21 by Pawara Laothamatas Leave a Comment

CK Asset Holdings has picked up a residential development site in Hong Kong’s Kai Tak area for HK$8.7 billion ($1.1 billion), according to a Wednesday announcement, breaching the low end of market expectations by about 23 percent as home prices… Read More>>

Robert Ng of Sino Land

Sino Land, China Merchants Win Site in Hong Kong’s To Kwa Wan With $300M Bid

2022/10/30 by Christopher Caillavet Leave a Comment

A consortium of Hong Kong-based Sino Land and mainland builder China Merchants Land has won the tender for a redevelopment site in Kowloon’s To Kwa Wan area with a lower-than-expected bid of just under HK$2.39 billion ($300 million).

The Urban… Read More>>

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