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HK-Listed Builder Buys Mong Kok Residential Site for HK$330M

2020/05/27 by Stephanie Li Leave a Comment

Hong Kong-listed developer Vantage International has agreed to acquire an apartment building in Mong Kok for HK$330 million ($42.6 million), according to a local news report yesterday.

The company, which is part of the Vantage Group alongside its Able Engineering… Read More>>

tang shing bor

Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living

2020/05/25 by Stephanie Li Leave a Comment

Hong Kong’s “Shop King”, Tang Shing-bor, has put a portfolio of commercial and residential properties on the market for a combined HK$1.5 billion ($190 million), according to a local news report.

Property consultancy Savills, which is marketing the Kowloon and… Read More>>

Tencent Exec Buys Repulse Bay Pad at 18% Off and More Hong Kong Real Estate Headlines

2020/05/10 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, properties in the Asian financial hub continue to be sold at knockdown prices, with the chief strategy officer of tech giant Tencent buying a Repulse Bay luxury home at an 18 percent discount,… Read More>>

Mong Kok Site Sells for 20% Off and More Hong Kong Real Estate Headlines

2020/04/04 by Stephanie Li Leave a Comment

Leading today’s Hong Kong real estate news, a mixed-use plot in protest-hit Mong Kok has sold at a 16-year low price as real estate values continue to feel the weight of the city’s sliding economy. Also, in the headlines, an… Read More>>

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Stan Group Sets Sights on Kowloon Resi Project with Mongkok Compulsory Sale Bid

2019/11/13 by Jan Kot Leave a Comment

Stan Group has applied for the compulsory sale of a 50-year-old industrial building in Hong Kong’s Mongkok district, according to an account in the Hong Kong Economic Times.

The Hong Kong investment group, which manages a HK$60 billion ($7.7 billion)… Read More>>

Kuok Hoi Sang Chevalier

Chevalier Buys 20 Houses in Shatin for HK$403M and More Hong Kong Real Estate Headlines

2018/03/27 by Shawna Kwan Leave a Comment

Leading today’s Hong Kong real estate news, mid-size developer Chevalier International has bought up 20 village houses in Shatin for HK$403 million. Meanwhile in Mong Kok, Hang Lung is upgrading its pair of shopping centres in the Kowloon district in… Read More>>

Kowloon Centre Floor Sold for HK$220M and More Hong Kong Real Estate Headlines

2018/02/23 by Shawna Kwan Leave a Comment

Leading today’s Hong Kong real estate news, a floor leased to a restaurant in Tsim Sha Tsui’s Kowloon Centre was sold for HK$220 million ($28 million). Also in the headlines, a shop in Mong Kok saw a 64-fold price increase… Read More>>

Henderson-Managed Sunlight REIT Buys Mong Kok Tower for $84M

2017/09/28 by Greg Isaacson Leave a Comment

Hong Kong’s Sunlight REIT, which is managed by a unit of Henderson Land Development, has announced that it is buying a commercial building on Nathan Road in Mong Kok for HK$658 million ($84.3 million). Through the sale-and-leaseback deal, the REIT… Read More>>

Champion REIT Looks to Sell Langham Place Office Tower as HK Market Surges

2017/07/05 by Greg Isaacson Leave a Comment

Champion REIT, a listed trust sponsored by Hong Kong developer Great Eagle, is testing buyer interest in the HK$8.5 billion ($1.1 billion) Langham Place office tower in Mong Kok, as a flurry of major deals drives record-high property values in… Read More>>

Foreign Retailers Shift Away from Prime Areas as HK Rents Rise

2014/01/23 by Syndicated Content Leave a Comment

Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.

In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments.

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