Asia real estate and outbound investment news
With Hong Kong’s office market continuing to shrink due to falling demand from tenants, a TPG Angelo Gordon joint venture is marketing a pair of Kowloon East office floors for 32 percent below their 2018 acquisition price.
A tie-up between… Read More>>
Hong Kong billionaire Yeung Kin-man has acquired a Kowloon East commercial building formerly owned by the family of the late “Shop King” Tang Shing-bor, as the smartphone touchscreen tycoon continues to pick up discounted property assets amid the city’s property… Read More>>
A Kowloon East office building invested by Hong Kong fund manager Gaw Capital Partners and HSBC Asset Management will go up for auction in September, according to auctioneer JLL.
Gaw had acquired 133 Wai Yip Street, then known as the… Read More>>
Capping a more than nine-year process, Hong Kong-based Biel Crystal has acquired the last piece of a prime site in Kowloon East’s Kwun Tong area, paving the way for a 39-storey tower.
On 12 April the company took full ownership… Read More>>
Hong Kong’s Lands Tribunal criticised a legal case launched by Sun Hung Kai Properties against a development plan by one of the city’s richest men, describing its move as “delusional” and “vandalism” of the proposed project.
The dispute stems from… Read More>>
If questions remained about Hong Kong-based Link REIT’s dedication to the hometown cause, they should be laid to rest after Asia’s largest listed trust bested four other bidders to clinch a Kowloon East commercial site for HK$766 million ($97.6 million).
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>>
Hong Kong’s Urban Renewal Authority is preparing for a HK$46 billion ($5.8 billion) mixed-use project in Kowloon, having submitted an application to the Town Planning Board late last month revising a development plan for a site in Kwun Tong.
The… Read More>>
The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to raise cash, adding a 15th major asset to the clan’s series of disposals in the last seven months with the… Read More>>
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.
