Hong Kong Archives - Mingtiandi

Seized Office Floor in Hong Kong’s Central Changes Hands for 56% Off 2018 Price

Beatrice Laforga — Wed, 04 Oct 2023 16:08:24 +0000

An office floor in Hong Kong’s Central district has been sold for less than half of its 2018 purchase price, after a bank in the Asian financial hub seized the property from a delinquent mainland fashion tycoon, according to a... Read More>>

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Bargain Leases Bring August Thaw to Hong Kong Office Market

Michael Cole — Wed, 27 Sep 2023 02:06:31 +0000

After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last month in terms of net area leased, with tenants taking up 229,800 square feet (21,349 square metres) more than they gave up, thanks... Read More>>

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Macquarie-Backed AirTrunk Mulls $6.4B IPO and More Asia Real Estate Headlines

Ponrath Sopannarath — Mon, 25 Sep 2023 02:00:14 +0000

A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real estate headlines today. Also in the news, Hong Kong’s relaxed mortgage policies are expected to have little effect on... Read More>>

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Hong Kong Commercial Tower on the Market After Being Seized by Receivers

Beatrice Laforga — Tue, 19 Sep 2023 13:30:03 +0000

A Hong Kong retail tower seized from distressed mainland developer Golden Wheel Tiandi Holdings has been put up for tender in the latest case of a sale by receivers in the Asian financial capital.

Colliers was appointed by the property’s... Read More>>

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Sino Land JV Wins Kai Tak Plot with Bargain $680M Bid in Depressed Hong Kong Market

Christopher Caillavet — Thu, 14 Sep 2023 12:57:40 +0000

A consortium led by local builder Sino Land has won a tender for a residential plot in Hong Kong’s Kai Tak area with a bid of HK$5.35 billion ($680 million), representing a nine-year low for a government land premium at... Read More>>

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Henderson Land Wins Swiss Watchmaker as Latest Tenant in Hong Kong Office Tower

Beatrice Laforga — Wed, 13 Sep 2023 13:25:19 +0000

Henderson Land Development has secured Audemars Piguet as the latest office tenant for its flagship skyscraper in Hong Kong’s Central district, the company said in a statement on Tuesday.

The Swiss luxury watch brand has committed to a full floor... Read More>>

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SHKP Posts $3B Profit as Hong Kong Home Sales Climb 13%, Rental Income Steady

Christopher Caillavet — Fri, 08 Sep 2023 11:51:16 +0000

Sun Hung Kai Properties reported a full-year profit attributable to shareholders of HK$23.9 billion ($3 billion), down 6.5 percent, as the developer controlled by Hong Kong’s Kwok family narrowed its investment losses and reported solid residential sales in the city.

Hong Kong Office Occupier Survey Reveals Economic Jitters, Relocation Doubts

Christopher Caillavet — Fri, 08 Sep 2023 09:06:54 +0000

Hong Kong office occupiers have identified the city’s economic outlook and a potential global recession as two of the most important factors having an impact on their business, according to a Colliers survey.

In the poll of 321 occupiers, 43... Read More>>

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Kowloon Project Receives 32 Expressions of Interest in URA Tender

Mingtiandi Team — Tue, 05 Sep 2023 12:30:08 +0000

A residential redevelopment project in Kowloon’s redevelopment hotbed of To Kwa Wan received 32 expressions of interest, according to an announcement by Hong Kong’s Urban Renewal Authority, which is managing the tender.

The URA is looking to redevelop half of... Read More>>

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Cheung Kei Tycoon’s Seized Mid-Levels Apartment Said to Sell for $53.5M

Christopher Caillavet — Sun, 03 Sep 2023 10:14:20 +0000

A Hong Kong luxury apartment seized from Shenzhen tycoon Chen Hongtian in March has sold for HK$420 million ($53.5 million), according to local media accounts, with the price paid for the Mid-Levels home reportedly representing a 38 percent discount to... Read More>>

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