The heirs of Hong Kong’s late “Shop King” Tang Shing-bor have put a Kowloon East hotel back on the market, in their latest move to wind down the family’s property portfolio after an ill-timed venture into the city’s hospitality sector… Read More>>
Tang Shing-Bor Family Sells Two More Discounted Kowloon Assets
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>>
Kailong Buying New Territories Industrial Building From Tang Family for Reported $55M
Fund manager Kailong Group has agreed to acquire ownership of 90 percent of the space in a New Territories industrial building from the family of Hong Kong’s late “Shop King” Tang Shing-bor, according to sources familiar with the deal.
Kailong… Read More>>
Tang Family Reportedly Sells Kowloon Residential Building to K&K at $20M Loss
In their 18th asset sale over the last six months, the family of Hong Kong’s late “Shop King” Tang Shing Bor has sold a senior home in Kowloon City at a loss of HK$160 million ($20.3 million), according to local… Read More>>
Tang Shing-Bor Family Sells Hong Kong Retail, Industrial Assets for Combined $24M
The family of Hong Kong’s late “Shop King” Tang Shing-Bor continues to market their holdings in the city, having completed at least three asset sales over the past two weeks, according to sources familiar with the transactions.
The family has… Read More>>
Weave Paying $115M to Buy Third Hong Kong Hotel in 9 Months
Weave Living, through a joint venture with global investor Angelo Gordon, has agreed to purchase a hotel in Hong Kong Island’s Western district for HK$900 million ($115 million) from a property firm controlled by William Cheng, the son-in-law of Henderson… Read More>>
Family of Late ‘Shop King’ Selling Kowloon Industrial Building for $94M
The family of Hong Kong’s late “Shop King” Tang Shing-bor is taking advantage of the city’s booming industrial market to raise cash, adding a 15th major asset to the clan’s series of disposals in the last seven months with the… Read More>>
Auction of Tsim Sha Tsui Asset Flops in Hong Kong’s Third-Ever Failed Compulsory Sale
Hong Kong recorded its third-ever unsuccessful compulsory sale just two weeks ago, with the auction for Tai Chi Court in the city’s Tsim Sha Tsui area seeing a buyer walk away from the chance to pick up the commercial property… Read More>>
Family of Late ‘Shop King’ Sells 13th Major Hong Kong Asset in Six Months
In their 13th major asset disposal in six months, the family of Hong Kong’s late “Shop King” Tang Shing-Bor have started the new year on a familiar note, taking in a reported HK$650 million ($83.3 million) with the disposal of… Read More>>
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