New York-based private equity group Angelo Gordon could be on its way to building a 20-megawatt data centre in Hong Kong’s New Territories, having last month submitted a second redevelopment application in three months to the city’s Town Planning Board,… Read More>>
Hong Kong Scraps Tender for Tuen Mun Residential Site After Bids Fall Short
The Hong Kong government withdrew the tender for a residential development site in the New Territories this week after no bid met the reserve price, marking the sixth cancellation out of more than 70 tender exercises for government land sales… Read More>>
SilkRoad Acquires Fifth Hong Kong Industrial Asset for Reported $167M
SilkRoad Property Partners is adding a fifth industrial asset to its Hong Kong portfolio after consolidating block C at the Hang Wai Industrial Centre in the New Territories through a series of transactions said to total over HK$1.3 billion ($167.1… Read More>>
Stan Group Sells Hong Kong Industrial Building to China Resources for $290M
In Hong Kong’s biggest en-bloc industrial transaction this year, local property firm Stan Group has sold the East Asia Industrial Building (Phase One) in the New Territories for HK$2.24 billion ($290 million).
The asset sale is the fourth in less… Read More>>
Tiny Flat Frenzy Goes Bust and More Hong Kong Real Estate Headlines
The era when Hong Kong residents loved buying — and living in — apartments the size of most kitchens found in ordinary US homes appears to be over. If ever there was an indicator that Hong Kong’s decade-plus run of… Read More>>
Peak Condo Sells for HK$667M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, home sales in the city may be sliding, but high-end shelter seems to still be attracting buyers as a condo on the Peak has sold for HK$667 million, setting a record high price… Read More>>
China Home Sales Volumes Fall as Crackdown Kicks In and More Asia Real Estate Headlines
Things are getting quiet on the mainland as authorities continue to step up enforcement of home sales restrictions in a crackdown first launched in late June. During September home sales fell by 3.6 percent in terms of floor space, marking… Read More>>
Mainland Bank Leases 8 Floors in Wan Chai and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong roundup, Shanghai Pudong Development Bank — currently headquartered in Central’s Bank of America Tower — has preleased eight floors in Chinachem’s One Hennessy office project in Wan Chai for a record-breaking rent. Together with mainland co-working… Read More>>
Jiangsu Developer Jiayuan Enters Hong Kong Market via $334M JV with Tang Shing-bor
Mainland property developer Jiayuan International is venturing into Hong Kong’s residential market by buying a majority stake in three projects from Tang Shing-bor for a combined HK$2.62 billion ($334 million).
According to a statement to the Hong Kong stock exchange,… Read More>>
Property Deals Hit 21-Year High From Jan-May and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, the total spend on property in the city reached HK$300 billion in the first five months of the year, a post-1997 record for the January to May period. Also in the headlines, a… Read More>>