Hong Kong Metropolitan University (HKMU) has acquired a 255-key hotel in Kowloon’s Hung Hom area for use as student housing, as the educational institution seeks to expand its accommodation space amid an influx of mainland Chinese students in the city.
Hong Kong’s Wang On Adds Chevalier as JV Partner for $243M Kowloon Residential Project
Hong Kong-based developer Wang On Properties is bringing on local conglomerate Chevalier International Holdings as a partner for a HK$1.9 billion ($243 million) residential joint venture in southeastern Kowloon’s Yau Tong area as it seeks to boost liquidity and reduce… Read More>>
Receivers Marketing Seized Kowloon Buildings at 59% Off as Banks Lose Patience
A pair of ageing buildings in Hong Kong’s Tsim Sha Tsui area have been seized from the family of the city’s late “Shop King” Tang Shing-bor and are being offered for sale at less than half of what the clan… Read More>>
New World Tsim Sha Tsui Project Gets Planning Committee Green Light
New World Development has secured final approval for a 28-storey commercial-led project in the heart of Kowloon’s Tsim Sha Tsui district, with the builder’s redevelopment application receiving the green light from the Hong Kong Town Planning Board’s Metro Planning Committee.
Henderson Adds to Kowloon Pipeline with Acquisition of Tsim Sha Tsui Building
Henderson Land has secured full ownership of an ageing building in the heart of Hong Kong’s Tsim Sha Tsui district, as the developer continues to build out its presence in Kowloon.
Two months after winning approval from Hong Kong’s Lands… Read More>>
Sino Land JV Bags Kowloon Residential Site With $250M Bid
Hong Kong’s Sino Land continues to snap up Kowloon residential sites at bargain prices, with the local builder and partners China Merchants Land and Great Eagle Holdings winning a tender this week for a project in the Kai Tak area… Read More>>
Creditors Marketing Mainland Developer’s $890M Hong Kong HQ After Default
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>>
Creditors Seize Cheung Kei Hong Kong HQ, Chairman’s Luxury Homes
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>>
SHKP Preps Townplace West Kowloon ‘Aparthotel’ for Second-Half Launch
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>>
Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets
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>>
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