A commercial property unit of China Resources Holdings has become the latest investor to bet on Hong Kong’s student housing market, with the state-run firm agreeing to purchase a hotel in the city’s Kwai Chung area for around HK$953 million… Read More>>
Stan Group Hotel Up for Sale as Student Housing Conversion in Kowloon
A hotel in Hong Kong’s Mong Kok area is being marketed as a student housing investment for private buyers as the city’s hospitality market flounders and higher-end rental housing players stay on the sidelines.
Hotel Ease – Mong Kok is… Read More>>
Jiayuan Receivers Said to Sell New Territories Office Complex to Singaporean Fund
A Hong Kong office complex marketed by the receivers for liquidating builder Jiayuan International has sold for just under the guide price, according to local media accounts that point to an unnamed Singaporean buyer.
Located at San Hop Lane in… Read More>>
Hong Kong’s Tang Family in Fresh Attempt at Kowloon East Hotel Sale
The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their latest move to wind down the family’s property portfolio after an ill-timed venture into the city’s hospitality sector… Read More>>
Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets
The family of Hong Kong’s late “Shop King” Tang Shing-bor has sold a serviced apartment building in Kowloon for HK$88 million ($11.22 million), according to market sources, as the group continues to liquidate assets at steep discounts in the face… Read More>>
Hong Kong’s Chinachem Moves into Healthcare with $57M Acquisition
Hong Kong developer Chinachem has agreed to pay HK$451.2 million ($57.5 million) for a majority stake in a Hong Kong-listed senior care provider as the company prepares to expand into healthcare and senior living.
Privately held Chinachem will acquire a… Read More>>
Goodman Buying Hong Kong Industrial Building From Stan Group for Reported $66M
Goodman Group late last month agreed to acquire nearly three-quarters of an industrial building in the New Territories from the family of Hong Kong’s late “Shop King” Tang Shing Bor as the Australian developer looks to expand its now fully… Read More>>
Stan Group Sells Hong Kong Industrial Building to China Resources for $290M
In Hong Kong’s biggest en-bloc industrial transaction this year, local property firm Stan Group has sold the East Asia Industrial Building (Phase One) in the New Territories for HK$2.24 billion ($290 million).
The asset sale is the fourth in less… Read More>>
Hong Kong ‘Shop King’ Tang Shing-bor Dies at 88
Tang Shing-bor, a property tycoon whose sprawling portfolio of retail assets brought him fame as the “Shop King” of Hong Kong, has died at age 88.
According to a statement released by his family, Tang died peacefully in Hong Kong… Read More>>
Hong Kong’s Billionaire Shop King Sued for HK$12M in Back Rent
Tang Shing-Bor, known in Hong Kong as the “Shop King” has hit a patch of legal trouble after failing to pay more than HK$12 million ($1.5 million) in rent, according to local news reports.
The owners of a building at… Read More>>