Sales of new condos continue to slide in Singapore, but home owners in a pair of major projects in the city-state are still trying for collective sales of their homes, with one complex making its fifth attempt to find a… Read More>>
Chinachem’s One Hennessy Office Tower Now 80% Leased in Hong Kong
Chinachem Group announced on Wednesday that its One Hennessy officer tower in Hong Kong’s Wanchai district has leased all but four of the available floors among its 21 storeys of office space some three months before the building’s scheduled completion.
Rykadan Capital Forces Compulsory Sale of HK$315M Wanchai Property
Hong Kong-listed Rykadan Capital has taken a major step towards developing a 30-storey commercial tower in the city’s Wanchai district after buying up nearly 90 percent of an aging building on Jaffe Road two MTR stations east of Central.
The… Read More>>
Law Firm Flees Hong Kong’s The Center for Wanchai as Office Rents Keep Climbing
Offshore incorporation specialists Maples and Calder, are giving up the 53rd floor of The Center on Hong Kong’s Queen’s Road, as yet another international company flees the world-leading rents of Hong Kong’s Central district.
The law firm’s new home will… Read More>>
HK’s Shop King Swaps Wan Chai Hotel for Sai Kung Site in HK$1.4B Deal
Hong Kong billionaire Tang Shing-bor, known as the city’s “Shop King”, is trading an 80-room hotel in Wan Chai in exchange for a potential housing site in Sai Kung, a suburban area of the city, in a deal that involves… Read More>>
HK Still World’s Top Luxury Housing Market and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, rich people continue to do fine in the Asian commercial hub as the city remains the world’s top luxury housing market for the second year running. Evidence of the hot market for pricey… Read More>>
Kailong to Convert Eight HK Properties into Chain of Boutique Offices
Warburg Pincus-backed Kailong has purchased eight properties in Hong Kong over the last year, and now the real estate fund manager is taking a few pages from WeWork’s success story as it plans to redevelop this HK$3.7 billion ($471 million)… 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>>
Alibaba-Backed Kr Space Debuts in Hong Kong with 7-Floor Wan Chai Lease
Kr Space, the co-working spinoff of Alibaba-backed technology platform 36Kr, has picked Hong Kong for its first centre outside of mainland China, leasing seven stories in the One Hennessy office building in Wan Chai while it looks to open other… Read More>>
Gaw Could Turn Retail Centres into NGO Hubs and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Goodwin Gaw’s Gaw Capital has announced plans to offer discounted rent for NGOs in a set of shopping centres acquired from Link REIT earlier this year, in a move that could counter public… Read More>>