Hong Kong Resorts International is taking on its second redevelopment project in the last four months after the developer of Discovery Bay agreed to acquire a site at the western edge of Central district for a combined HK$367.3 million ($47.3… Read More>>
Kailong Sells 8 Floors in Central for HK$350M Despite HK Downturn
Real estate fund manager KaiLong is reported to have sold eight office floors in a commercial property in Hong Kong’s Sheung Wan neighbourhood for a combined HK$350 million ($45 million), as the Warburg Pincus-backed firm continues its strata sales strategy… Read More>>
Sheung Wan Building Sells for HK$98M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a three-metre-wide building in Sheung Wan was sold for HK$98 million — a multiple of 41 times what the seller paid to acquire the property west of Central when Saturday Night Fever was… Read More>>
Hanison Confirms Talks to Buy HK Hotel From CapitaLand at Reported HK$800M
Despite growing uncertainty over the US-China trade war and increasingly violent protests in Hong Kong, a real estate developer controlled by one of the city’s wealthiest families has been actively buying and selling assets.
Hanison Construction Holdings said in a… Read More>>
HK’s CSI Pays Triple-Price to Acquire Last Piece of Sheung Wan Tea House Site
CSI Properties has completed the purchase by compulsory sale of a building in Hong Kong’s Sheung Wan area that is home to the sole surviving branch of the Lin Heung Tea House, one of the city’s most famous dim sum… Read More>>
Weave Co-Living Said Acquiring HK Serviced Apartments for HK$585M
Weave co-living is in the process of acquiring a serviced apartment complex at 123 Queen’s Road West in Hong Kong, according to market sources.
The Hong Kong-headquartered firm is said to be paying approximately HK$585 million to purchase the 23-storey… Read More>>
Blackstone Unit Sells HK Commercial Building to Emperor Intl for HK$595M
Just three months after purchasing HNA Group’s principal Hong Kong real estate subsidiary for HK$7 billion (then $894.8 million), Blackstone has sold one of the company’s highest profile assets for HK$595 million, according to a pair of announcements to the… Read More>>
Arch Capital Buys Office Building Just West of Central for Reported HK$1.9B
Arch Capital Management has agreed to acquire a commercial building in Hong Kong’s Sheung Wan area, the Hong Kong-based fund manager has confirmed to Mingtiandi, with sources familiar with the acquisition citing a price of HK$1.9 billion ($242 million) for… Read More>>
Warburg-Backed Kailong Sells Floor in Hong Kong Building for HK$31M
Real estate fund manager KaiLong Group has made its first sale at a renovated office building in Hong Kong’s Sheung Wan area, as the Warburg Pincus-backed fund manager continues its strata sales strategy in the city.
Kailong sold the 6th… Read More>>
Hanison Said to Offer HK$1.9B for Kingboard’s Hong Kong Office Block
A 32-storey commercial building in Hong Kong’s Sheung Wan area is on the verge of being sold for HK$1.9 billion ($242 million) according to local media reports this week, despite the city’s office market during the first quarter of 2019… Read More>>
