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>>
Hong Kong’s Shop King Puts Wanchai Asset on Market for HK$450M
Hong Kong’s ‘Shop King’ Tang Shing-bor has put a building in Wanchai up for sale at HK$450 million ($58 million), marking the fourth time this year that one of the city’s most prolific property investors has put assets on the… Read More>>
China Resources Unit Said Buying HK Industrial Asset for HK$820M
A branch of one of China’s largest state-owned conglomerates is growing its footprint in Hong Kong with the HK$820 million ($106 million) purchase of an industrial asset in the eastern New Territories, as mainland players return to the Hong Kong… Read More>>
Hong Kong Shop King’s Try at HK$1.5B Sale Signals Shift to Senior Living
Hong Kong’s “Shop King”, Tang Shing-bor, has put a portfolio of commercial and residential properties on the market for a combined HK$1.5 billion ($190 million), according to a local news report.
Property consultancy Savills, which is marketing the Kowloon and… Read More>>