Asia real estate and outbound investment news
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>>
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>>
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>>
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>>
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>>
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>>
Compulsory sales are moving to the forefront of Hong Kong’s real estate news this week as mainland developers China Vanke and Agile Property are joining a game that has long helped local players enjoy healthy margins.
With Vanke completing… Read More>>
Working on a short week Hong Kong’s real estate investors and operators still managed to complete a number of high profile investment and leasing deals before the Easter holiday, including major transactions in the Kai Tak area. The largest deal… Read More>>
Members of the consortium that paid nearly $5.2 billion to purchase the Center on Hong Kong’s Queen’s Road in 2017 have been struggling in the city’s current market slowdown, but an announcement this week indicates that one of the wealthy… Read More>>
Despite six months of policies restricting sales, 59 of 70 cities surveyed by the Chinese government still reported rising home prices last month as homebuyers do not yet seem deterred over reports of rising risk in the market. Also in… Read More>>
