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>>
CK Asset $2.6B Sale of 21 Borrett Road Luxury Project Collapses in Hong Kong
Li Ka-shing’s CK Asset said Thursday that a deal to sell its 21 Borrett Road luxury project in Hong Kong’s Mid-Levels to Sino Suisse fell through after the Singapore-based firm failed to make the first payment on the HK$20.8 billion… Read More>>
Cheung Kei Tycoon’s Seized Mid-Levels Apartment Up for Tender Sale
A luxury apartment in Hong Kong’s Mid-Levels area is up for sale after it was seized from Shenzhen tycoon Chen Hongtian in March.
The fifth-floor luxury unit at Opus Hong Kong on Stubbs Road is being sold by receivers via… Read More>>
Weave, LaSalle Buy Tower in Hong Kong’s Mid-Levels for $35M
Residential investor and operator Weave Living has acquired its fourth property this year, picking up an apartment tower in Hong Kong’s Mid-Levels for HK$275 million ($35 million) via a joint venture with LaSalle Investment Management, according to a statement by… Read More>>
Tender for $140M Project in Hong Kong’s Mid-Levels West Closes Friday
A government tender for a residential site on Hong Kong Island is set to close this Friday, giving developers an opportunity to build a housing project worth up to HK$1.1 billion ($140.1 million) in the Mid-Levels West area above Sheung… Read More>>
CK Asset Sells Flat in Hong Kong’s Mid-Levels for $34M
A high-level unit at CK Asset’s 21 Borrett Road project in Hong Kong’s Mid-Levels was sold for HK$91,895 per square foot last week, setting a new record for a non-penthouse unit at the luxury residential property, despite sales at the… Read More>>
CK Asset Sells Mid-Levels Luxury Homes for $50M as High-End Market Hangs On
Two units on a high-level floor at CK Asset’s Mid-Levels luxury project sold last week for a combined HK$393.9 million ($50.1 million), showing the resilience of Hong Kong’s high-end housing market amid the COVID-led economic slowdown.
Hong Kong’s second-largest developer… Read More>>
Lai Sun Buys Mid-Levels Residential Project From Li Ka-shing Family for $166M
Just three months after winning a Kowloon Tong residential site for HK$1.6 billion, Hong Kong-listed Lai Sun Development continues to focus on the city’s quickening luxury market, with its acquisition of a pair of adjacent properties in the Mid-Levels area… Read More>>
Henderson Land Acquires Residential Site in Hong Kong’s Mid-Levels in $66M Deal
Henderson Land Development this week moved a step closer to creating a new luxury residential project in Hong Kong’s Mid-Levels, with its acquisition of a property valued at HK$522.1 million ($66.9 million) through a compulsory sale for redevelopment.
Hong Kong’s… Read More>>
Aoyuan Sells Project in Hong Kong’s Mid-Levels at a Loss Amid Cash Flow Crisis
Cash-strapped mainland developer China Aoyuan Property Group this month agreed to sell off a redevelopment project in Hong Kong’s Mid-Levels to raise cash, and is expecting to recognise an estimated loss of HK$176.6 million on the disposal, according to an… Read More>>