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.
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>>
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>>
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>>
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 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>>
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>>
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>>
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>>
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>>