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Nick Tang Wang On

Wang On Sells Admiralty Asset for $66M as HK Office Sales Pick Up

2021/10/02 by Pawara Laothamatas Leave a Comment

Wang On Properties has agreed to sell an entire floor at the United Centre for a consideration of HK$515 million ($66.1 million) or HK$29,022 per square foot, following the uptick in Hong Kong’s office market in August, with rents in… Read More>>

Leung Moon Lam

Mainland Property Tycoon Loses 31% on Hong Kong Office Sale

2020/08/23 by Elizabeth Utley Leave a Comment

A founder of a Hong Kong-listed mainland developer appears to have taken a 30 percent haircut on an office investment in the New Territories as the city’s commercial real estate market continues to slip this year.

A set of three… Read More>>

David chan ping chi

Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B

2019/05/06 by Dorothy Ma Leave a Comment

Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>

Kwok Ying Lan Yuzhou

Yuzhou Properties Buys HK Office Floor From Chairman’s Wife for HK$898M

2019/03/25 by Jan Kot Leave a Comment

Members of the consortium that paid nearly $5.2 billion to purchase the Center on Hong Kong’s Queen’s Road in 2017 have been struggling in the city’s current market slowdown, but an announcement this week indicates that one of the wealthy… Read More>>

Pollyanna Chu

HK Commercial Deals Fell 51% in Sept – Turning Up Pressure on Speculators

2018/10/18 by Michael Cole Leave a Comment

Hong Kong’s housing market made headlines earlier this month when home prices fell for the first time in nearly two and a half years, after an unprecedented bull run.

Now data is emerging to show that the trend in the… Read More>>

raymond tsoi

Investor in Hong Kong’s The Center Announces Plan to Sell Single Floor in 12 Pieces

2018/07/28 by Rafiaa Rumjahn Leave a Comment

Another member of the consortium behind last year’s landmark HK$40.2 billion ($5.15 billion) acquisition of the Center on Hong Kong’s Queen’s Road is getting ready to flip his floor of the iconic office tower — but not before slicing it… Read More>>

far east finance centre

Admiralty Office Sells for HK$59K Per Sqft as Strata Deals Invade HK Grade A Market

2018/07/04 by Benjamin Cole Leave a Comment

The practice of divvying up office space for sale into floors or even units – the “strata sales” market – is well-established in Hong Kong, with prominent property brokerages having teams devoted to the practice.

But until recently, strata sales… Read More>>

Son of Chong Hing Bank Director Makes 30% Profit in 3 Months Thanks to HNA Fire Sale

2018/07/02 by Greg Isaacson Leave a Comment

Hong Kong investor Jeffrey Liu Wai-lun has sold an office unit in Admiralty for HK$52.01 million ($6.63 million) – 30 percent more than the price he paid to snap up the strata-titled asset from struggling Chinese conglomerate HNA Group just… Read More>>

The Center Queen's Road

DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market

2018/04/26 by Shawna Kwan Leave a Comment

Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>

Lewis Tung

HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again

2018/04/24 by Shawna Kwan Leave a Comment

Less than two weeks after a floor in 9 Queen’s Road Central claimed the title as the city’s most expensive strata-titled property, a floor in Far East Finance Centre has reportedly broken that short-lived price record.

The 33rd floor of… Read More>>

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