Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Blackstone Buys Kowloon East Building From Emperor Group for $65M
A busy deal-making period in Asia continued for Blackstone this week, as the US private equity giant became the latest investment group to acquire a building in Hong Kong’s redevelopment hotbed of Kowloon East.
Emperor International Holdings, the property division… Read More>>
Goodman Buys Half of Kowloon East Industrial Building for HK$570M
CBRE this week announced the sale of the lower half of an industrial building in an up-and-coming Hong Kong district which is rapidly transforming from workshops to prime office projects.
Industrial developer Goodman confirmed to Mingtiandi today that it is… Read More>>
Tenants Continue to Flee HK’s Central as Govt Agency Shifts to Kowloon East
The migration away from the world’s priciest office location continues with one of Hong Kong’s biggest office deals so far in 2020 taking a major tenant away from its current home in the city’s Central district.
The Hong Kong Mortgage… Read More>>
CK Asset Pays HK$4.95B for HK’s First Public–Private Residential Project
A property conglomerate chaired by the son of Hong Kong’s richest man, Li Ka-shing, has won a tender to develop the city’s first residential project combining private and government-subsidised homes.
The city’s Lands Department announced yesterday that it had awarded… Read More>>
New World Puts Kowloon East Commercial Building on Market for HK$3B
New World Development has listed for sale a Hong Kong commercial property at an asking price of HK$3 billion ($390 million), as the company looks to offload non-core assets, according to a person familiar with the matter who spoke to… Read More>>
Sheung Wan Building Sells for HK$98M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a three-metre-wide building in Sheung Wan was sold for HK$98 million — a multiple of 41 times what the seller paid to acquire the property west of Central when Saturday Night Fever was… Read More>>
Boss of iPhone Screen Maker Buys in Kowloon East and More Hong Kong Headlines
Leading today’s Hong Kong real estate news, an office unit Kwun Tong has changed hands for around HK$11,200 per square foot as investors continue to seek cost-effective deals amid the city’s economic downturn. Also in the headlines, a “haunted” flat… Read More>>
Shui On’s SOCAM Ready to Flip Kowloon East Ginza Building for HK$386M
Vincent Lo’s SOCAM Development Limited is ready to sell off a commercial building in Hong Kong at a nearly 12 percent mark-up over what it paid to acquire the Kowloon East asset just six months ago, according to an announcement… Read More>>
Goldin Buys Kai Tak Stake From Chairman and More Hong Kong Real Estate Headlines
Working on a short week Hong Kong’s real estate investors and operators still managed to complete a number of high profile investment and leasing deals before the Easter holiday, including major transactions in the Kai Tak area. The largest deal… Read More>>
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