A serviced apartment block in the Wan Chai area owned by a tycoon who also owns a slice of the San Francisco Giants baseball team has become the latest Hong Kong living sector asset to change hands at a bargain… Read More>>
‘Bargain Hunter’ to Swallow Loss on Renovated Wan Chai Tower
Another Hong Kong property developer is ready to swallow a loss amid the ongoing slump in asset prices in the city, seeking to sell his 19-floor holding in a Wan Chai office building for around 10 percent less than he… Read More>>
Hong Kong Investor Lai Wing-To Sells Wan Chai Serviced Apartment Block for $21M
Hong Kong property investor Lai Wing-To has sold a serviced apartment block in the city’s Wan Chai area, as the “Ten Billion Shop King” continues to sell down his property portfolio amid plunging commercial real estate valuations in the Asian… Read More>>
Hong Kong’s ITC In Talks to Sell Wan Chai Office Tower as Losses Widen
Hong Kong’s ITC Properties is in talks to sell an office tower in Wan Chai as the developer and property investor continues to divest assets amid mounting losses.
The HKEX-listed builder is in discussions to offload 250 Hennessy, a commercial… Read More>>
Blackstone in Due Diligence to Enter Hong Kong Rental Residential with $96M Deal
The world’s largest real estate fund manager may be about to enter Hong Kong’s rental residential market, with Blackstone understood to be in advanced talks to acquire two Hong Kong serviced apartment blocks from local living operator Chi Residences.
The… Read More>>
Swire Properties Adds New Tower to Pacific Place Portfolio in Hong Kong
Swire Properties is expanding its Pacific Place portfolio eastward from Hong Kong’s Admiralty into Wan Chai district, having dubbed a 24-storey office tower on Queen’s Road East as Six Pacific Place earlier this month.
Set to be completed in the… Read More>>
Receivers Kick Off Fresh Tender for $1.15B Evergrande Centre in Hong Kong
Savills has launched a fresh tender for the sale of the China Evergrande Centre in Hong Kong, just two weeks after receivers appointed by the defaulting developer’s creditors seized the Wan Chai office tower valued at around HK$9 billion ($1.15… Read More>>
Lenders Move to Seize Evergrande’s Hong Kong Headquarters
China Evergrande’s struggle to pay its debts produced more drama this past week as lenders to the world’s most indebted developer took steps to seize its Hong Kong headquarters.
The unidentified lenders to Shenzhen-based Evergrande have appointed a receiver to… Read More>>
China Evergrande Marketing Hong Kong HQ at 28% Markdown
China Evergrande Group is marketing its Hong Kong headquarters at a valuation of around HK$9 billion ($1.15 billion), with Li Ka-shing’s CK Asset Holdings having placed a bid for the Wan Chai office tower, according to sources who spoke with… Read More>>
Hopewell Applies to Redevelop Wan Chai Haunted House into $459M Residential Project
Hopewell Holdings is planning to build a residential and retail project worth up to HK$3.6 billion ($459 million) around a reputed haunted house in Hong Kong’s Wan Chai district, according to a planning application submitted this month.
Nam Koo Terrace,… Read More>>
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