Hong Kong retains its crown as Asia’s most expensive commercial real estate market even after the Covid-19 pandemic saw the city record the region’s steepest decline in prime rents over the first six months of the year, London-based real estate… Read More>>
Hanison Seeks Buyer for HK$370M Kowloon Commercial Tower
Hanison Construction Holdings is seeking a buyer for a newly refurbished commercial property in Kowloon valued at HK$370 million ($48 million) – more than double the price the company paid for the property in 2017.
Payson Cha’s Hong Kong-listed firm… Read More>>
Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living
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>>
CBRE Leads Brokerage Wins with Deutsche Shed Deal as Asia Recovers Mingtiandi Broker Battle
Asia’s real estate markets have reawakened in May with the world’s largest brokerages handling a string of investment and leasing transactions in Hong Kong, mainland China and Singapore after deals came to a near halt during April, according to data… Read More>>
Asia Real Estate People in the News 2020-04-27
In this week’s edition of People in the News, China Vanke’s logistics arm has appointed a head of asset management in Shanghai, while the son of Hong Kong’s third richest man has added CEO to his set of titles at… Read More>>
Shanghai Office Rents Slide as Property Investment Falls 78% in Q1
Shanghai grade A office rents continued to slide during the first quarter of the year as the COVID-19 induced downturn dragged on leasing rates, according to reports from some of the world’s largest property consultancies.
Grade A office rents in… Read More>>
Shop in Central Sells for 50% Off and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a retail unit in Central was sold for HK$15 million — 50 percent below the original asking price. Also in the headlines, watch maker National Electronics Holding acquired a luxury house in Deep… Read More>>
Savills Continues Brokerage Momentum with HK$640M Kowloon Deal Mingtiandi Broker Battle
Savills tops Mingtiandi’s deal charts for the third time running, after reportedly linking up with First Group in the Hong Kong developer’s HK$640 million ($83 million) purchase of a commercial site in New Kowloon – right next door to a… Read More>>
First Group Spends HK$1.4B Buying Sites for Kowloon Office Project
A Hong Kong developer has spent more than HK$1.4 billion ($180 million) this month to consolidate a Kowloon commercial project despite a slide in tenant demand that saw rents in the world’s priciest office market fall by the steepest rate… Read More>>
First Group Acquires Kowloon’s Centennial Building for HK$790M
Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>
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