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>>