Leading today’s Hong Kong real estate news, JP Morgan is riding the flexible workspace trend in its Chater House office, and slashing rents in the process. And speaking of leasing costs, the city finally saw apartment rents decline last month… Read More>>
Convenience Stores Carp About Link REIT Rents and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, one of Hong Kong’s biggest operators of convenience stores is finding it tough to sell enough Kit Kats and Pocky to keep pace with rent increases at shopping centres held by Asia’s largest… Read More>>
Former Link REIT Retail Centre on Market for 2x 2016 Price and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a local investor is hoping to nearly double his money on a community retail asset in the New Territories, less than two years after buying the Tuen Mun centre from Link REIT for HK$440… Read More>>
Chinese Estates Recorded 42% Drop in Profits Last Year and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, tycoon Joseph Lau may fly high in his private 787, but his company, Chinese Estates, hit a downdraft last year that pulled profits down 42 percent in 2017. Also in the headlines, saw… Read More>>
Chinachem Outbids 24 Developers to Win Kwun Tong Site for $397M
Hong Kong developer Chinachem Group has won a tender to develop a residential parcel in the Kwun Tong area of the city’s Kowloon East, shouldering aside 24 other bidders to offer HK$3.1 billion ($397 million).
Other competitors for the site… Read More>>
Angelo, Gordon and Chellarams Buy 9 Floors of Kwun Tong Building For HK$2.5B
Real estate fund manager Angelo, Gordon & Co and the family behind the Chellaram trading and transport firm have recently paid HK$2.5 billion ($320 million) for nine floors in an office building in the Kwun Tong area of Hong Kong’s… Read More>>
Wharf Sells Kowloon East Office Project to Mainland Group for $1.2B
Hong Kong’s Kwun Tong district has chalked up another landmark transaction, with Wheelock subsidiary Wharf Group selling a waterfront office tower project to mainland developer LVGEM for HK$9 billion ($1.2 billion), in one of the biggest real estate deals in… Read More>>
Hong Kong’s Laws Group Buys Kowloon East Site for $178M
Hong Kong’s Kowloon East business district has just received another shot in the arm, with Laws Group scooping up an ageing industrial building in the rising commercial area for HK$1.39 billion ($178.1 million). The family owned conglomerate says it plans… Read More>>
WeWork, Naked Hub Expand in Hong Kong’s Kowloon East
WeWork, the New York-based shared office brand, is expanding its footprint in Hong Kong, on the heels of announcing $4.4 billion of new investment for its Asian growth drive.
The $17 billion firm has leased a full floor, covering nearly… Read More>>
HK Land Wars Rage as Sogo Operator Pays Record $952M for Kai Tak Site
While Hong Kong’s Lifestyle International is best known for putting on sales at its Sogo department stores, the publicly listed company has been doing a bit of shopping of its own in the city’s red-hot real estate market.
The department… Read More>>