Just under four years after its chairman joined a consortium that purchased one of Hong Kong’s tallest office buildings for $5.2 billion, Shimao Holdings has opened a floor in The Center as a serviced office space, according to local news… Read More>>
Hong Kong’s Cassette King Sells Stake in the Center at 35% Off
One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>
HK Investors Caught by Downturn After Paying Record $5.2B for The Center
With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>
Home Prices Rose in China’s Biggest Cities in December and More Asia Real Estate Headlines
Despite six months of policies restricting sales, 59 of 70 cities surveyed by the Chinese government still reported rising home prices last month as homebuyers do not yet seem deterred over reports of rising risk in the market. Also in… Read More>>
Swire Closes on HK$6.5B Sale of Kowloon East Office Project to Pollyanna Chu
Almost two years after agreeing to sell a Kowloon East office project to one of Hong Kong’s richest women, Swire Properties last week finally completed the 25-storey tower and closed the HK$6.5 billion deal.
The blue-chip developer announced to the… Read More>>
Buyers of The Center Funding $5.2B Deal Via Bonds and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, buyers of the world’s most expensive building are confirmed to be selling bonds to institutional investors to fund the HK$40 billion purchase. The innovative bit of financial engineering reduces the number of lenders in the deal,… Read More>>
World’s Most Expensive Office Tower Ready to Be Sold Off Floor By Floor
Nearly six months after Li Ka-shing’s CK Asset Holdings sold Hong Kong’s The Center skyscraper to a consortium of investors for HK$40.2 billion ($5.15 billion), the world’s most expensive office building is poised to be divvied up among its new owners… Read More>>
Center Buyer Said Selling Stake in $5.2B HK Office Tower to Hui Wing Mau, Pollyanna Chu
As China’s biggest investors were warned off from overseas deals last year and a crackdown on outbound cash killed off cross-border real estate acquisition, Hong Kong still seemed a safe-haven for mainland money. But nothing changes faster in 2018 than… Read More>>