A joint venture between US real estate fund manager Angelo Gordon and a Hong Kong family office serving one of the region’s oldest shipping families has agreed to sell a retail property in the New Territories’ Tseung Kwan O area… Read More>>
Wheelock, Henderson, COLI and New World Team Up to Win Kai Tak Site for HK$9.9B
Hong Kong’s Lands Department on Wednesday announced that a consortium of three Hong Kong developers, together with the mainland’s China Overseas Land & Investment had won the largest residential site on what had been the runway of the city’s former… Read More>>
HNA Sells Last Kai Tak Plot to Wheelock for HK$740M Loss
HNA Group has sold off its last piece of land in Hong Kong’s Kai Tak area at a HK$740 million ($94 million) loss, as the mainland conglomerate struggles to liquidate assets in a slowing market.
Hong Kong International Construction Investment… Read More>>
HK$58 Million Shave on Hong Kong Villa Takes Shine Off Luxury Market
Hong Kong’s bellwether for extravagant living — housing prices Peak area — 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 else… 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>>
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