Hong Kong’s Gaw Capital makes its Middle East debut with a residential buy in Abu Dhabi, with that acquisition leading today’s headline roundup. Also in the news, Frasers Property is said to be preparing a privatisation offer for its hospitality… Read More>>
Seoul Apartment Prices End 40-Week Climb and More Asia Real Estate Headlines
Seoul apartment prices were flat in the waning days of 2024 to snap a 40-week growth streak, with that story leading today’s headline roundup. Also in the news, Hong Kong home sales are poised to gather pace after hitting a… Read More>>
CK Asset’s Li Ka-shing Keeps Crown as Hong Kong’s Richest Amid Bear Market
Beaten-down shares took a toll on the wealth of Hong Kong’s real estate tycoons in 2023, with Li Ka-shing successfully defending his title of richest Hongkonger despite his fortune shrinking 7.2 percent to $36.2 billion.
CK Asset boss Li and… Read More>>
CK Asset Refills Hong Kong Pipeline with $150M Win of Sai Ying Pun Site
CK Asset Holdings has won a tender for a residential development site in the Sai Ying Pun area of western Hong Kong Island with a bid of HK$1.16 billion ($150 million).
The developer controlled by billionaire Li Ka-shing secured the… Read More>>
CK Asset Buys Re-tendered Tuen Mun Residential Project for $586M
CK Asset Holdings has topped four competing bids to acquire a residential development site in Hong Kong’s New Territories for HK$4.6 billion ($586 million), according to an announcement published on Wednesday.
The developer controlled by billionaire Li Ka-shing acquired the… Read More>>
Li Ka-shing’s CK Asset Selling Hong Kong Luxury Project for $2.6B
Li Ka-shing’s CK Asset has agreed to sell its 21 Borrett Road project in Hong Kong’s Mid-Levels for HK$20.8 billion ($2.6 billion) to a private wealth manager founded by former UBS bankers, in a sudden asset disposal by the city’s… Read More>>
CK Asset Sells Home in Hong Kong’s Repulse Bay at Discount as Market Slides
A house at CK Asset’s 90 Repulse Bay Road project was sold for HK$75,000 ($9,557) per square foot this past week, setting a record for the lowest unit price at the luxury property against a backdrop of sliding values for… Read More>>
Ascott Acquires Co-Living Asset in Tokyo and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, CapitaLand’s Ascott division buys a residential property in Tokyo, insurance giant AIA reportedly seeks to buy an office project under development in Shanghai, and billionaire Li Ka-shing dumps his stake in AMTD Group… Read More>>
CK Asset Applies to Convert New Territories Hotel into 1,102 Homes
Hong Kong’s CK Asset Holdings could be on its way to turning the Harbour Plaza Resort City hotel in the New Territories into a HK$14 billion ($1.78 billion) housing and retail project, having on 7 June submitted an application to… Read More>>
CK Asset Sells Flat in Hong Kong’s Mid-Levels for $34M
A high-level unit at CK Asset’s 21 Borrett Road project in Hong Kong’s Mid-Levels was sold for HK$91,895 per square foot last week, setting a new record for a non-penthouse unit at the luxury residential property, despite sales at the… Read More>>
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