Henderson Land Development won a tender for a residential project in Hong Kong’s To Kwa Wan for HK$8.1 billion ($1.04 billion), as the city’s quickening housing market and a newly extended MTR line drive developers to buy up redevelopment sites… Read More>>
Wang On Acquires Kowloon Site for $180M Residential Project
Wang On Properties has announced its purchase of a site in Kowloon for a HK$1.3 billion ($180 million) residential project, following the successful launch of a boutique residential project in the New Territories last month.
Adding to its land supply… Read More>>
Hotel in Hong Kong’s Tsim Sha Tsui Said Sold to US Fund for $123M
Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, has reportedly changed hands for HK$980 million ($123 million) as the local tourism collapse compels smaller lodging operators to sell their assets to redevelopment-minded investors.
Multiple market… Read More>>
Hanison Sells Half-Stake in Kowloon Project to Angelo Gordon as HK Market Revives
A set of deals announced at the end of March points to a continued thawing of Hong Kong’s property investment market and heightened prospects for urban redevelopment projects in the city.
Hanison Construction, controlled by the Cha family behind developer… Read More>>
Henderson Acquires Kowloon Building for $62M to Sew Up 1M Sq Ft Project
Henderson Land Development has completed a more than decade-long consolidation of a site for a redevelopment project in Hong Kong’s Hung Hom area as it bought up the last pieces of an eight-storey building for HK$482 million ($62 million).
After… Read More>>
Hong Kong’s Lofter Buys Up 57 Properties to Assemble $142M Kowloon Project
A Hong Kong redevelopment specialist has teamed up with a local private equity firm to buy up 57 Kowloon properties in preparation for a HK$1.1 billion ($142 million) mixed-use project, according to an announcement today.
Lofter Group, together with partner… Read More>>
HKRI Buys Kowloon Redevelopment Project for HK$310M
A 16-storey industrial building in Kowloon’s To Kwa Wan area has changed hands at HK$310 million ($40 million) as hopes for an end to the pandemic rekindle Hong Kong’s dormant real estate investment market.
Hong Kong Resorts International, a developer… Read More>>
Redevelopment Specialist Lofter Buys Kowloon Project for HK$347M
Hong Kong’s investment sector may be reeling from nearly two years of turmoil, but local developer Lofter Group envisions a bright future. On 24 November, the redevelopment specialist and partner Alphalex Capital agreed to acquire 1-7 Ki Lung Street in… Read More>>
Abandoned WeWork Kowloon Location to Open as New IWG Centre
Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible workspace provider, as IWG is set to scoop up more spoils from the near collapse of former co-working giant WeWork.
The Switzerland-based office operator will… Read More>>
Building on Hong Kong’s Nathan Road Retail Strip Sells at 50% Off
A 16-storey building on Kowloon’s bustling Nathan Road commercial strip sold this past week at a 50 percent discount as Hong Kong’s property market continues to slide.
According to local media citing Land Registry records, the Tung Cheong Commercial Building… Read More>>
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