Hong Kong property investors continue to suffer from the decline of the city’s commercial real estate values, with a cash-strapped player recently parting with a floor in the Bank of America Tower for more than a third less than the… Read More>>
Hong Kong’s Gale Well Loses $44M in Four Years on Sale of Floor in The Center
Four years of owning a floor in The Center, an office tower on Hong Kong’s Queen’s Road, has cost local investment firm Gale Well Group HK$343 million ($43.7 million), as commercial property values in the Asian financial hub remain in… Read More>>
Office Floor in Hong Kong’s Central Sold for 58% Off 2018 Purchase Price
A floor in a commercial tower which once set the record for Hong Kong’s most expensive office is now a contender to be named the city’s greatest loss of value as distressed sales become the norm in Asia’s most expensive… Read More>>
PGIM Nears Sell-Out of Tanjong Pagar Office Project in Singapore
PGIM Real Estate has sold three more floors in a downtown Singapore office project to near a sell-out of the property near Tanjong Pagar.
The US investment manager sold the 14,252 square feet (1,324 square metres) of space for a… Read More>>
HKEX Buying 9 Floors at Hongkong Land’s Exchange Square for $810M in Year’s Top Deal
Hongkong Land has chalked up the biggest office deal of the year in its hometown, with stock exchange operator HKEX committing to buy nine floors at the developer’s Exchange Square complex in prime Central district for HK$6.3 billion ($810 million).
TPG Angelo Gordon JV Marketing Hong Kong Office Floors at 32% Below Acquisition Price
With Hong Kong’s office market continuing to shrink due to falling demand from tenants, a TPG Angelo Gordon joint venture is marketing a pair of Kowloon East office floors for 32 percent below their 2018 acquisition price.
A tie-up between… Read More>>
Schroders Marketing Commercial Floor at Kowloon Complex After Cancelled Auction
Fund manager Schroders is having another crack at selling a Hong Kong commercial floor after a planned auction last year failed to take place.
The third floor of the Harbourfront Landmark, a residential and commercial complex in Kowloon’s Hung Hom… Read More>>
Kaisa Marketing Hong Kong Headquarters Floor for $64M After 43% Drop in Value
Defaulted Chinese developer Kaisa Group Holdings is marketing an office floor which serves as its headquarters in Hong Kong, with the strata-titled asset having lost nearly half its value since the company purchased the space over five years ago.
Shenzhen-based… Read More>>
PGIM Selling Pair of Singapore Office Floors as Strata Market Heats Up
PGIM Real Estate is selling a pair of floors in an office building on Singapore’s Robinson Road to a buyer said to be from mainland China, as private investors continue to dominate deals in the Lion City’s commercial market.
After… Read More>>
Pair of Orchard Road Floors Sell for $53M to Set New Singapore Record
Just two weeks after a new price record was set for a commercial floor on Singapore’s Orchard Road, a two-floor transaction at S$4,988 ($3,896) per square foot has shattered that market benchmark for office space in the Lion City.
Luxury… Read More>>
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