As a new generation takes over leadership of major Hong Kong developers including CK Assets and New World Development, the heir of the city’s “shop king” Tang Shing-bor is building on a relationship with a HKEX-listed developer first forged by… Read More>>
City Sees HK$56B of Property Sales in Jan and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city has sold HK$56.4 billion worth of properties in just 26 days in January. Also in the headlines, a Hong Kong property tycoon says the city’s real estate market will be dominated… Read More>>
HNA to Develop Kai Tak Site Alone and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, HNA said it would not partner with Sun Hung Kai Properties to develop the site in former Kai Tak airport. Also in the headlines, Henderson Land paid HK$2.5 billion as land premium for… Read More>>
Shop King Buys Hang Lung Retail Centre for HK$330M and More Hong Kong Real Estate Headlines
Hong Kong’s real estate deal makers don’t seem to have taken much of a holiday break, as we come back after Christmas with news of the city’s shop tycoon buying retail project in the New Territories from Hang Lung, and… Read More>>
Kwun Tong Workshop Sold for HK$1.6B and More Hong Kong Real Estate Headlines
An auction leads off today’s real estate headlines in Hong Kong, as an old industrial building Kwun Tong sold for over HK$1.6 billion. Redevelopment also looks on the way for a set of aging shops in Kowloon’s Tsim Sha Tsui… Read More>>
Kailong REI Said To Buy Hong Kong Hotel for $173M
Just over a year after Kailong Real Estate Investment sold off a former hotel that it had converted into a co-working centre in Shanghai, the Warburg Pincus-backed firm is said to have bought the Kings Hotel in Hong Kong’s Wanchai… Read More>>
Hong Kong’s Shop King Sells Prime Causeway Bay Site for $122M
Tycoon Tang Shing-bor has sold a pair of buildings next to Hong Kong’s popular Times Square shopping mall for a total of HK$950 million ($122 million), paving the way for the rare parcel in Causeway Bay to be redeveloped… Read More>>
Wanchai Hotel Said Selling for $181M to Make Way for Co-Working Centre
A downturn in visitor arrivals to Hong Kong, along with the city’s world-leading office rents, may be fuelling a trend toward converting hospitality space into co-working centres, as yet another hotel in the centre city looks set for conversion into… Read More>>
Bank of China Unit Bets $396M on Pets and Co-Working in Hong Kong
A unit of Bank of China is taking a bite out of Hong Kong’s commercial property sector, as it picks up three buildings for a total of HK$3.1 billion (US$396 million), including a co-working facility in Kwun Tong and a… Read More>>
Hong Kong Shop King’s Family Buys Wan Chai Hotel for $58M
Tang Shing-bor, known for his sprawling portfolio of retail shops, is continuing his drive to become one of Hong Kong’s leading hoteliers by purchasing the Hotel Bonaparte in Wan Chai for HK$450 million ($57.5 million).
Stan Group, a property company… Read More>>
