New World Development is selling a shopping centre in Hong Kong’s Tsuen Wan area to Chinachem Group at a one-third discount from its reported asking price, as the Hong Kong-listed builder continues to pare its investment portfolio as part of… Read More>>
StoreFriendly-Blackstone JV Boosts Self-Storage Portfolio with $72M Hong Kong Buy
A joint venture between US private equity giant Blackstone and Hong Kong-based self-storage operator StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for HK$560 million ($72 million), with plans to convert the Tsuen Wan property into a… Read More>>
Kerry Properties Wins Residential Site in Hong Kong’s Tsuen Wan with $180M Bid
Kerry Properties won a residential site in Hong Kong’s New Territories for HK$1.44 billion ($180 million) to record the city’s first successful government land sale this year.
The HKEX-listed developer, through its subsidiary Wealthy Guide Ltd, has been awarded the… Read More>>
Australia’s Goodman Opens 400MW Hong Kong Data Centre Campus
Australian industrial specialist Goodman Group on Wednesday opened a data centre complex in Hong Kong’s New Territories with up to 400 megawatts in overall power capacity, creating one of the city’s largest digital infrastructure facilities.
The bit barn is part… Read More>>
New World Puts New Territories Mall on the Market for $764M
New World Development is looking for a buyer for a retail podium of its Discovery Park development in the New Territories as the Hong Kong-listed developer shops a number of non-core properties in the city, according to market sources.
The… Read More>>
Family of Late ‘Shop King’ Sells 13th Major Hong Kong Asset in Six Months
In their 13th major asset disposal in six months, the family of Hong Kong’s late “Shop King” Tang Shing-Bor have started the new year on a familiar note, taking in a reported HK$650 million ($83.3 million) with the disposal of… Read More>>
Casino Heir Buys Office in Central for HK$73.8M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the heir of Macau casino tycoon Fu Tak Iam has decided to take a gamble on a strata title office floor in Central, while WeWork has surrendered leases amounting to 20 percent of… Read More>>
Mong Kok Site Sells for 20% Off and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a mixed-use plot in protest-hit Mong Kok has sold at a 16-year low price as real estate values continue to feel the weight of the city’s sliding economy. Also, in the headlines, an… Read More>>
Hong Kong’s First Group Buys Tsuen Wan Office Site for HK$980M
Hong Kong’s once-frenzied commercial property market is flagging as months of political turbulence take a mounting toll on the city’s economy. But a pair of recent sales in the New Territories and Kowloon totaling more than HK$1 billion show that… Read More>>
CNQC Buys Floor in Kerry Kowloon Bay Project for HK$200M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the city’s market for strata-title office market continues to show some life at the end of the year as the parent company of Singaporean development giant Qingjian Realty has bought a floor in… Read More>>