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>>
Angelo, Gordon and Chellarams Confirm HK$2.1B Buy and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Angelo, Gordon & Co and the Chellaram family have closed on the HK$2.1 billion purchase of nine floors of Kwun Tong’s C-BONS International Centre. Also in the headlines, a floor at 9 Queen’s… Read More>>
Investor Tries for $25M Profit in 7 Months on Floor in HK’s World-Wide House
A floor in Central’s World-Wide House, one block away from Hong Kong’s Exchange Square, is reported to be open to tender with an asking price of HK$800 million ($102 million). The seller bought the property in July of last year,… Read More>>
New Price Records Set in Hong Kong as Mainlanders Buy Up Office Space
A high floor of Hong Kong’s Far East Finance Centre in Admiralty has sold for HK$540 million ($69 million) to what is said to be a mainland buyer. The deal, which equates to a price per square foot of HK$50,000… Read More>>
Top Floor of Li Ka-shing’s Tallest HK Building to Sell for $95M
The top floor of The Center office tower, the tallest building in the portfolio of Li Ka-shing’s Cheung Kong group, is poised to change hands for HK$738 ($94.5 million), smashing the price per square foot record for a strata-titled office… Read More>>
HKRI Selling Sheung Wan Office Space for Record $96M
Developer Hong Kong Resorts International (HKRI) has sold the entire 22nd floor of China Merchants Tower in Hong Kong’s Shun Tak Centre for HK$750 million ($95.9 million). The transaction, which values the office space at nearly HK$31,000 ($3,962) per square… Read More>>