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>>
Stan Group Sets Sights on Kowloon Resi Project with Mongkok Compulsory Sale Bid
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>>
Jho Low Forfeits $1B in Assets to US Authorities and More Asia Real Estate Headlines
A Malaysian fugitive leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the alleged mastermind of the 1MDB scam has agreed to forfeit property assets that include a boutique hotel in Beverly Hills… Read More>>
China’s Smart Buildings are Watching You and More Asia Real Estate Headlines
Big Brother leads the way in Mingtiandi’s roundup of real estate headlines today with news that proptech-enabled buildings in China may be using their data-capturing sensors and facial-recognition scanners to spy on their occupiers
In other news around the region,… Read More>>
Hong Kong Shopfront Empire Goes High Tech with Blockchain Real Estate Deal
The scion of Hong Kong’s best known empire of shopfronts, industrial projects and mini-hotels is taking the family business high tech with an announcement this week of a blockchain initiative that aims to tokenise real estate in the world’s priciest… Read More>>