Hong Kong developer Henderson Land has received approval for the compulsory sale of one of two blocks in the storied Champagne Court in the heart of Hong Kong’s Tsim Sha Tsui district, according to a ruling by the Lands Tribunal.
Hines Opens Tsim Sha Tsui Project as First Hong Kong Rental Residential Venture
Hines on Friday announced the official opening of its first-ever rental apartment complex in Hong Kong as the US developer continues to expand its bets on multi-family residential in Asia Pacific.
Dash on Prat, an 18-storey co-living facility in the… Read More>>
Hong Kong’s Tsim Sha Tsui Named World’s 2nd Most Expensive Shopping Spot
Hong Kong has not only lost its crown for having the most expensive retail district globally, the Chinese territory’s top-end shopping has also migrated to unfashionable Kowloon.
The latest Cushman & Wakefield survey of main streets shows Manhattan’s Upper Fifth… Read More>>
Singapore’s Oakwood Studios Up for Sale at $120M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a serviced apartment complex in Singapore’s Orchard Road area goes up for sale as the public tenders of several city-state sites close without a deal, and China’s biggest banks reel from overdue loans… Read More>>
Kailong Launches $117M Kowloon Life Sciences JV With EC Healthcare
Hong Kong’s Kailong Group is making preparations for a life sciences project on a Kowloon site acquired more than two years ago, with the real estate fund manager announcing a partnership with EC Healthcare to develop a medical building anchored… Read More>>
Auction of Tsim Sha Tsui Asset Flops in Hong Kong’s Third-Ever Failed Compulsory Sale
Hong Kong recorded its third-ever unsuccessful compulsory sale just two weeks ago, with the auction for Tai Chi Court in the city’s Tsim Sha Tsui area seeing a buyer walk away from the chance to pick up the commercial property… Read More>>
Hines Fund Buys Butterfly Hotel in Hong Kong to Create Co-Living Complex
US developer Hines has acquired Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, which the firm plans to convert into a co-living flagship to be managed by local residential operator Dash Living.
The 18-storey asset… Read More>>
Hotel in Hong Kong’s Tsim Sha Tsui Said Sold to US Fund for $123M
Butterfly on Prat, a 158-room hotel in Hong Kong’s Tsim Sha Tsui area, has reportedly changed hands for HK$980 million ($123 million) as the local tourism collapse compels smaller lodging operators to sell their assets to redevelopment-minded investors.
Multiple market… Read More>>
Abandoned WeWork Kowloon Location to Open as New IWG Centre
Hong Kong’s prime business districts continue to welcome expansion by the world’s largest full-service flexible workspace provider, as IWG is set to scoop up more spoils from the near collapse of former co-working giant WeWork.
The Switzerland-based office operator will… Read More>>
Cartier Closes Hong Kong Boutique Amid Luxury Slump and More Asia Real Estate Headlines
Hong Kong is back to work after last week’s holiday, but the city’s real estate market doesn’t seem to be able to catch a break with Tsim Sha Tsui losing its Cartier shop as retail woes continue.
In a crisis… Read More>>
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