Residential investor and operator Weave Living has acquired its fourth property this year, picking up an apartment tower in Hong Kong’s Mid-Levels for HK$275 million ($35 million) via a joint venture with LaSalle Investment Management, according to a statement by… Read More>>
Tender for $140M Project in Hong Kong’s Mid-Levels West Closes Friday
A government tender for a residential site on Hong Kong Island is set to close this Friday, giving developers an opportunity to build a housing project worth up to HK$1.1 billion ($140.1 million) in the Mid-Levels West area above Sheung… 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>>
CK Asset Sells Mid-Levels Luxury Homes for $50M as High-End Market Hangs On
Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.
Hong Kong’s second-largest developer… Read More>>
Lai Sun Buys Mid-Levels Residential Project From Li Ka-shing Family for $166M
Just three months after winning a Kowloon Tong residential site for HK$1.6 billion, Hong Kong-listed Lai Sun Development continues to focus on the city’s quickening luxury market, with its acquisition of a pair of adjacent properties in the Mid-Levels area… Read More>>
Henderson Land Acquires Residential Site in Hong Kong’s Mid-Levels in $66M Deal
Henderson Land Development this week moved a step closer to creating a new luxury residential project in Hong Kong’s Mid-Levels, with its acquisition of a property valued at HK$522.1 million ($66.9 million) through a compulsory sale for redevelopment.
Hong Kong’s… Read More>>
Aoyuan Sells Project in Hong Kong’s Mid-Levels at a Loss Amid Cash Flow Crisis
Cash-strapped mainland developer China Aoyuan Property Group this month agreed to sell off a redevelopment project in Hong Kong’s Mid-Levels to raise cash, and is expecting to recognise an estimated loss of HK$176.6 million on the disposal, according to an… Read More>>
HNA Bankruptcy Sale Continues with $71M Tender for Hong Kong Penthouse
The creditors of bankrupt mainland conglomerate HNA Group took another step towards collecting on bad loans to the parent of China’s Hainan Airlines this past week as an apartment in Hong Kong’s Mid-Levels was put up for sale in what… Read More>>
Shenzhen Developer Spends HK$4.8B Buying Pair of Hong Kong Luxury Sites
The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential site five minutes walk from billionaire Jack Ma’s home near Hong Kong’s Victoria Peak for HK$3 billion ($384.6 million), according to local media accounts.
CK Asset Eyes Mainland Rental Housing and More Hong Kong Real Estate Headlines
Leading today’s news, property giant CK Asset says it’s looking to build rental housing projects in mainland China as Beijing ramps up support for the sector. Also in the headlines, developer Emperor International has applied for the compulsory sale of… Read More>>