Singapore’s biggest bank is following the lead of US competitors Citibank and Goldman Sachs in moving its team out of Hong Kong’s Central district as office rents continue to rise in the core business area. For the Singaporean bank, the… Read More>>
World’s Most Expensive Office Tower Ready to Be Sold Off Floor By Floor
Nearly six months after Li Ka-shing’s CK Asset Holdings sold Hong Kong’s The Center skyscraper to a consortium of investors for HK$40.2 billion ($5.15 billion), the world’s most expensive office building is poised to be divvied up among its new owners… Read More>>
CBRE Hong Kong Taps Daniel Mok To Lead New Strata-Title Sales Team
CBRE Hong Kong is boosting its Capital Markets team by adding a new specialty group focussed on strata-title and mid-market sales, as individually owned commercial floors command record prices in the city.
The international brokerage has tapped Daniel Mok to lead… Read More>>
Goldman Leases Five Floors in Causeway Bay as Blue Chip Bank Balks at Central Rents
Hong Kong’s Central has rents so high that even a $900 billion investment bank has decided to flee the city’s traditional business district. Goldman Sachs is said to be moving its back office staff to a new location three metro… Read More>>
New World Buys Up HK$700M Stake in TST Building and More Hong Kong Real Estate Headlines
Leading today’s headlines, New World Development has acquired over half of the ownership of a building on Hankow Road in Kowloon’s Tsim Sha Tsui commercial district for HK$700 million ($89 million) as the city’s major developers continue to snatch up… Read More>>
Center Buyer Said Selling Stake in $5.2B HK Office Tower to Hui Wing Mau, Pollyanna Chu
As China’s biggest investors were warned off from overseas deals last year and a crackdown on outbound cash killed off cross-border real estate acquisition, Hong Kong still seemed a safe-haven for mainland money. But nothing changes faster in 2018 than… Read More>>
HKMA Holds Firm on “Spicy” Policies and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s de facto central bank rejected calls from lawmakers to relax mortgage policies, saying the housing market is still too hot. Also in the headlines, even Hong Kong’s securities regulator may find… Read More>>
Regus Takes 2 Floors at Gaw’s Kwun Tong Project and More Hong Kong Real Estate Headlines
The continuing rise of flexible office providers leads Hong Kong’s real estate news again today as Regus is said to take up two floors in a former industrial building in the Kwun Tong area of Kowloon East. Also in the… Read More>>
Mainland Firm Buys Floor in The Center for HK$594M and More HK Real Estate Headlines
Hong Kong’s neighbors from the north continue to make a big noise in the city’s property markets this past week as mainland firms continue to buy, lease and otherwise grab hold of more bricks and mortar in the city. On… Read More>>
CapitaLand Scores 28% Profit Jump in Q3 and More Asia Real Estate Headlines
Growth leads today’s real estate headlines once again as Singapore’s CapitaLand reports a 28 percent third quarter jump in profits for its pan-Asian operations. The numbers are also getting bigger for leading Hong Kong developer Sun Hung Kai which just… Read More>>