Asia Pacific real estate investment news and information
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>>
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>>
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>>
The competition for Hong Kong self-storage assets is heating up, with a Blackstone joint venture on Thursday closing on the purchase of a Kowloon industrial building for HK$850 million ($108.2 million), according to sources familiar with the deal.
A Blackstone… Read More>>
Weave Living is looking to expand its Hong Kong portfolio with a pair of Kowloon hotels to add to the four it has already bought so far in 2022.
The rental apartment start-up’s potential acquisitions of the Hotel Cozi Harbour… Read More>>
US private equity firm Ares Management has made its first direct investment in Hong Kong real estate, picking up a 51 percent stake in a Kowloon office project from New World Development for approximately HK$3.07 billion ($392 million).
New World… Read More>>
Local investors have purchased 15 retail and residential properties at the Kin Sun Building in Hong Kong’s rapidly redeveloping Sham Shui Po area for a total of HK$100 million ($12.7 million).
Six retail shops spanning 3,914 square feet (364 square… Read More>>
After suing troubled mainland builder Shimao Group Holdings in July over an overdue debt linked to a Hong Kong residential project, Singapore’s United Overseas Bank Ltd (UOB) has settled its dispute with the defaulting developer at the same time it… Read More>>
Henderson Land Development secured the third of four adjoining sites for a Hong Kong residential project with Tuesday’s HK$1.2 billion ($150 million) compulsory sale of an ageing building in Kowloon’s To Kwa Wan neighbourhood.
The acquisition of the 12,290 square… Read More>>
A government tender for a commercial site in Hong Kong’s Kowloon East is set to close this Friday, giving developers an opportunity to win the rights to build a HK$1.8 billion ($229.4 million) retail project in Kwun Tong, spanning as… Read More>>
