Swire Properties is closing in on a HK$5.9 billion ($751.9 million) commercial project on the eastern stretch of Hong Kong Island, having reportedly applied in June to force a sale of the remaining pieces which it does not already own… Read More>>
Hsin Chong Defaults on $300M in Bonds and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, listed builder Hsin Chong Group announced it won’t pay its $300 million senior notes that were due on Friday, becoming the second Asian company after Noble Group to default on US dollar bonds… Read More>>
WeWork Leases Four Floors From Swire in Hong Kong’s Quarry Bay
WeWork has leased four floors in Swire Properties’ Taikoo Shing on Hong Kong island, the company has revealed to Mingtiandi, as the US co-working startup confirms an expansion plan first reported last November.
The 54,000 square foot space in Cityplaza… Read More>>
BNP Paribas Takes 8 Floors in Taikoo Place as Multinationals Flee HK’s Central
BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay.
The company, which is the world’s sixth-largest… Read More>>
WeWork, naked Hub Battle for Hong Kong Co-Working Hegemony with New Centres
Global shared office giant WeWork is said to be renting three floors of a grade A office tower in Quarry Bay to launch its latest venue in Hong Kong, as the city’s co-working market continues to heat up.
The $20… Read More>>
Facebook Said to Choose Swire’s One Taikoo Place for New HK Home
Swire Properties is said to have scored a major victory in the battle to establish a new business hub in Hong Kong as Facebook has reportedly signed up for multiple floors in the developer’s One Taikoo Place project.
The photo-sharing,… Read More>>
Swire Sells Kowloon Project for $842 Mil as Hong Kong Market Rages
How hot is Hong Kong’s property market? So hot that even Swire Properties is selling major commercial projects.
The real estate wing of the 200-year-old Hong Kong conglomerate is known for its “buy and hold” approach to the market. On… Read More>>
Swire to Invest US$1.93B, Add Two New Towers in HK’s Taikoo Place
Swire Properties has announced plans for two new high-end office towers in its Taikoo Place development, adding two million square feet (185,000 square metres) of prime space to the project in Hong Kong’s Quarry Bay.
The two new towers are… Read More>>