Hong Kong’s bellwether for extravagant living — housing prices atop Victoria Peak — suffered a proper dinging after a residence in the tony Mount Nicholson development sold at a price whose discount alone would build a stately mansion almost anywhere… Read More>>
New World Sues HMV for HK$5M in Unpaid Rent and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… Read More>>
Mainland Bank Leases Storefront in Central’s Wheelock House at 55% Discount
China’s Bank of Communications appears to be taking advantage of a sustained slide in Hong Kong retail rents to expand its footprint in the city’s Central district at a rent less than half of what an earlier tenant paid for… Read More>>
Henderson Land and Friends Seek $6B in Financing for Kowloon Mega-Project
Hong Kong-listed real estate developer Henderson Land is leading a consortium of property firms in the city in an effort to raise about HK$46 billion ($6 billion) via bonds and loans, according to sources cited by Bloomberg. to push forward a… Read More>>
Phoenix Buys Three HK Shopping Centres From Wheelock for HK$3.38B
Blue chip Hong Kong developer Wheelock and Co has sold a trio of retail properties in the city’s Tseung Kwan O area to private equity fund manager Phoenix Property Investors for HK$3.38 billion ($432 million), according to an announcement issued… Read More>>
Wheelock Wins Bid to Privatise SG Unit and More Asia Real Estate Headlines
Hong Kong’s Wheelock Properties has crossed the finish line in its bid to privatise its Singapore-listed subsidiary, less than three months after offering to buy out the underperforming stock. Meanwhile up in China, the battle for a slice of the… Read More>>
Shu Qi Sells $2.2M Hong Kong Home at a Loss and More Asia Real Estate Headlines
Movie star Shu Qi is a familiar face representing products from shampoo to long underwear in China, now the actress may become a symbol of Hong Kong’s sliding housing market as news of her loss-making home sale leads today’s headline… Read More>>
Vegas Developer Said Interested in Anbang Hotels and More Asia Real Estate Headlines
At the top of today’s real estate a Las Vegas-based developer may be willing to gamble on acquiring a portfolio of hotels recently put on the market by China’s Anbang Insurance, and the earnings season continues with Hong Kong’s Henderson… Read More>>
CIC, Hillhouse Plot $13B Buyout of Yum China and More Asia Real Estate Headlines
It’s bring your billions to the table week in Asia as an investment consortium led by Zhang Lei’s Hillhouse Capital assembles capital intensive dream team to buy China’s collection of KFC, Pizza Hut and Taco Bell stores, at the same… Read More>>
Wheelock Makes S$2.5B Buyout Offer for Singapore Subsidiary
An index of property shares on the Singapore stock market rose by around 16 percent in the first half of 2018, but even that healthy increase hasn’t been enough to prevent Hong Kong-listed Wheelock and Company from seeking to take… Read More>>
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