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>>
HK Commercial Deals Fell 51% in Sept – Turning Up Pressure on Speculators
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>>
Investor in Hong Kong’s The Center Announces Plan to Sell Single Floor in 12 Pieces
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>>
Admiralty Office Sells for HK$59K Per Sqft as Strata Deals Invade HK Grade A Market
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
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>>
DBS Moves to Kwun Tong as SG Bank Cashes in on Hong Kong’s Red Hot Office Market
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>>
HK$660M Sale of Floor in Admiralty Office Tower Breaks Hong Kong Price Record – Again
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>>
World’s Most Expensive Office Tower Ready to Be Sold Off Floor By Floor
Nearly six months after Li Ka-shing’s CK Asset Holdings sold Hong Kong’s The Center skyscraper to a consortium of investors for HK$40.2 billion ($5.15 billion), the world’s most expensive office building is poised to be divvied up among its new owners… Read More>>
Floor in Hong Kong’s World-Wide House Sells For HK$735M, Breaking Record Price
Hong Kong’s Central district has become the place where office price records go to be shattered. Less than a week after a floor in 9 Queen’s Road Central sold for a city-wide record of HK$60,000 ($7,643) per square foot, a… Read More>>
Chinese Estates Recorded 42% Drop in Profits Last Year and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, tycoon Joseph Lau may fly high in his private 787, but his company, Chinese Estates, hit a downdraft last year that pulled profits down 42 percent in 2017. Also in the headlines, saw… Read More>>
