HMC Capital completes its acquisition of Global Switch’s Australia arm, with that data centre deal leading today’s headline roundup. Also in the news, Singapore’s Golden Mile Complex reveals redevelopment details and K Wah founder Lui Che-woo dies at age 95.
K Wah Wins Residential Site in Hong Kong’s Mid-Levels West for $70M
K Wah International Holdings is adding an eighth residential project to its Hong Kong pipeline after the HKEX-listed developer’s offer of HK$551 million ($70.1 million) led a government tender for a plot in the Mid-Levels West, according to an announcement… Read More>>
Fresh Scandal Links Hong Kong’s Newly Retired MTR Chief to Jet Junkets with K Wah Chairman
Newly retired MTR Corporation chairman Frederick Ma Si-hang saw out the end of his tenure at the government-backed railway operator amid allegations of misconduct, following publication of videos, photographs and a news account in the Apple Daily newspaper linking the… Read More>>
Tang Shing-bor Buys Tsim Sha Tsui Hotel For HK$330M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Shop King Tang Shing-bor snapped up a commercial building leased to a hotel in Tsim Sha Tsui for HK$330 million ($42 million). Also in the headlines, the city’s office rents are poised to… Read More>>
Seven of Hong Kong’s Ten Richest People are Real Estate Developers and They Own Half the City
Seven of Hong Kong’s ten wealthiest people and almost half of the city’s top billionaires made their fortunes in real estate, according to the latest annual ranking of the city’s 50 richest people by Forbes.
Thanks to a roaring real… Read More>>
Hong Kong’s K Wah Reportedly Buying Sydney Tower for $146M
K Wah Group may be the latest Asian investor to buy into Sydney’s heated commercial property market, as the Hong Kong-based property firm is reportedly poised to pick up a grade A office tower in the city’s financial district for… Read More>>
Five Out of Ten Biggest Chinese Fortunes Come from Real Estate
Forbes China just released its 2014 Rich List, detailing the fortunes of the 290 richest Chinese tycoons, and found that five out of the top ten fat cats come from the real estate sector, with two more owning development companies.