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>>
Sino-Ocean Heads for $90M Compulsory Sale of Kowloon Building
Mainland developer Sino-Ocean Group is on its way to securing a site in the Kowloon City area for development into as much as 63,270 square feet (5,878 square metres) of new space, as Hong Kong’s booming residential market continues to… Read More>>
Family of Hong Kong’s Late Shop King Sells Fanling Industrial Asset for $89M
The family of late “Shop King” Tang Shing-bor has sold a second New Territories industrial asset to China Resources Group, as the cash crisis of one of Hong Kong’s most active real estate investors creates an opportunity for the mainland… Read More>>
Stan Group Sells Hong Kong Industrial Building to China Resources for $290M
In Hong Kong’s biggest en-bloc industrial transaction this year, local property firm Stan Group has sold the East Asia Industrial Building (Phase One) in the New Territories for HK$2.24 billion ($290 million).
The asset sale is the fourth in less… Read More>>
Hong Kong ‘Shop King’ Tang Shing-bor Dies at 88
Tang Shing-bor, a property tycoon whose sprawling portfolio of retail assets brought him fame as the “Shop King” of Hong Kong, has died at age 88.
According to a statement released by his family, Tang died peacefully in Hong Kong… Read More>>
Data Centre Player Global Switch Fishes for Buyers and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a UK data centre operator’s Chinese owners consider selling out, a Korean sovereign wealth fund shakes up its leadership, and Hong Kong’s “Shop King” is sued over an unpaid debt.
Cromwell E-REIT Buying Euro Sheds for $137M and More Asia Real Estate Headlines
A European industrial acquisition leads today’s set of real estate news from around the region, as a Singapore-listed REIT expands its holdings on the Continent.
Also in the news, a Blackstone-backed Indian REIT is aiming to raise… Read More>>
Redevelopment Specialist Lofter Buys Kowloon Project for HK$347M
Hong Kong’s investment sector may be reeling from nearly two years of turmoil, but local developer Lofter Group envisions a bright future. On 24 November, the redevelopment specialist and partner Alphalex Capital agreed to acquire 1-7 Ki Lung Street in… Read More>>