China Taiping Insurance is rumored to have won the race to acquire the One Harbourgate East Tower in Kowloon with a bid of HK$4.5 billion ($579.6 million), marking another foray by mainland financial services companies into the Hong Kong property… Read More>>
New HK Project Priced 10% Below 2nd-Hand Market and More Greater China Real Estate Headlines
Competition is rapidly bringing down Hong Kong’s housing prices as Wheelock is now offering discounts of nearly 20 percent on its new project. Meanwhile on the mainland, the housing recovery may be bailing out the broader economy, and a Chinese… Read More>>
Li Ka-Shing to Sell Bahamas Resort and More China Real Estate News 2016-03-17
What to do with an oversupply of housing that local customers won’t buy? The city of Zhuhai in Guangdong province is trying the time-honoured solution marketing these unwanted homes to people from out of town. Plus government officials prove that… Read More>>
Wheelock Puts Second Tower in Kowloon Project on the Block for $516M
Only a few weeks after selling two buildings in its One Harbourgate complex in Kowloon for a record HK$5.86 billion ($755 million), Hong Kong developer Wheelock and Company is said to be putting the second office tower in the project… Read More>>
China Life Buys Kowloon Office Tower From Wheelock for $755M
Mainland insurer China Life Insurance set a new record for purchase of a commercial property in Hong Kong’s Kowloon area by purchasing two buildings currently under development at Wheelock and Company’s One Harbourgate complex for HK$5.86 billion ($755 million).
The… Read More>>
China Real Estate People in the News 2014-11-24
This week Hong Kong’s developers seem to be on a hiring spree, taking up three of the seven places on the list of new hires. Gains by the big builders appear to be offset by losses at a major property… Read More>>
Meet Asia’s 13 Wealthiest Real Estate Barons
Out of the world’s 20 real wealthiest real estate tycoons, 13 of them are Chinese, according to the latest Forbes Rich List which tracks the fortunes of the world’s wealthiest people.
Only six of the richest real estate 20 are… Read More>>
Wharf Snatches Greentown China Stake for RMB 148 Million
Cash-strapped real estate developer Greentown China is selling a 2.13 percent stake to Hong Kong’s Wharf and Wheelock for HK$181 million (RMB 148.32 mil), according to an announcement from the buyers on Friday.
The purchase price for the 34,888,500 Greentown China… Read More>>
HK’s Wharf Ups Bond Issue to $600 Mil to Meet Demand
Hong Kong property developer Wharf announced today that it would be raising the size of its bond offering to US$600 million to meet demand from buyers. The bond deal, which was first announced on January 30th, met with overwhelming response… Read More>>
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