Hong Kong’s local investors are taking advantage of the city’s accelerating industrial market, with “Minibus King” Ma Ah-muk recording an en-bloc disposal of a Kwun Tong industrial building this month for HK$390 million ($50 million), or HK$6,657 per square foot.
Tung Chee-Hwa Family Buys Pair of Floors in The Center for HK$1.3B
Sales of Hong Kong office space are on the way up, but at prices well below pre-COVID rates, as members of one of the city’s richest families recently picked up a pair of floors in Central at around 20 percent… Read More>>
Shimao Opens 76th-Floor Flexible Office Outlet in Hong Kong’s The Center
Just under four years after its chairman joined a consortium that purchased one of Hong Kong’s tallest office buildings for $5.2 billion, Shimao Holdings has opened a floor in The Center as a serviced office space, according to local news… Read More>>
Swire Tower Sale Leads Upswing in Hong Kong Commercial Deals
Hong Kong’s battered investment sector is showing signs of life as a recent series of transactions, headlined by Swire Properties’ sale of a Taikoo office tower to Gaw Capital Partners and Schroders Pamfleet, hint at growing investor confidence.
With good… Read More>>
Hong Kong Tycoon Sells Floor in the Center for $126.5M as Downturn Drags On
With tenants continuing to hand back offices in Hong Kong’s traditional business district, a local tycoon has sold off a floor in the Center on Queen’s Road after marketing the commercial asset for two years, according to market sources.
David… Read More>>
Hong Kong’s Cassette King Sells Stake in the Center at 35% Off
One of the most prominent members of an investment consortium which paid a record $5.15 billion to purchase an office building in Hong Kong’s Central district in November 2017 has just sold a chunk of his holdings in the 73-storey… Read More>>
Expedia Said Surrendering HK$1.75M Per Month Office in Central
Just two years into a four-year lease, online travel giant Expedia is said to be surrendering its 25,000 square foot (2,322 square metre) office in The Center in Hong Kong, after the company in February announced layoffs of 3,000 staff… Read More>>
HK Investors Caught by Downturn After Paying Record $5.2B for The Center
With Hong Kong’s protests entering their sixth month and mainland investors continuing to face tighter liquidity, the once red-hot commercial property market in the Asian financial hub is on life support, which spells trouble for the owners of the city’s… Read More>>
World’s Priciest Parking Spot Sells for $969K in Hong Kong and More Asia Real Estate Headlines
A world record parking space leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that logistics tycoon Johnny Cheung Shun-yee has sold a bay in a Hong Kong office tower for just under $1… Read More>>
Unnamed Mainland Investor Buys Floor of Hong Kong’s the Center for HK$1.1B
Hong Kong tycoon David Chan Ping-chi has taken a step towards cashing out his holdings in the Center on Hong Kong’s Queen’s Road, selling a floor in the office building nearly two years after joining a consortium which acquired the… Read More>>
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