With anti-extradition law protests rocking the core of Hong Kong, the property market in the world’s least affordable place to live has gone quiet in the past week.
With activity slowing, a US steak house has found a spot in… Read More>>
Henderson Land Applies for Compulsory Sale of HK$963M Site in Hong Kong’s Central
Henderson Land Development has applied for a compulsory sale of four aging buildings in Hong Kong’s Mid-levels, according to a filing at the city’s Lands Tribunal as the blue-chip developer continues to play its preference for redevelopment projects.
Should the… Read More>>
Mainland PE Firm Leases Office in HK’s Cheung Kong Center for HK$225 Per SqFt
With central banks growing more cautious on liquidity and political controversies making executives tread lightly, Hong Kong’s office market has been quiet so far this year. At until last week, when a mainland finance firm reportedly leased an office in… Read More>>
Hongkong Land Said Suing HNA for HK$8.3M in Unpaid Office Fees
Central’s biggest landlord is suing China’s biggest financial train-wreck for unpaid fees from an eight-floor office that was never occupied, according to a report in the South China Morning Post.
A unit of Hongkong Land is suing HNA Group after… Read More>>
AEW Sells Central Serviced Apartment Block for Reported HK$240M
US real estate private equity firm AEW has reportedly sold a 14-storey boutique serviced apartment building in Hong Kong’s Central district for HK$240 million ($30.66 million), that it had held for just three years, according to a person with knowledge… Read More>>
KR Space Balks at Lease in the Center and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, shared workspace provider KR Space has balked at paying HK$4.3 million monthly for office space it had planned to rent at The Center on Queen’s Road, with a report in the Apple Daily… Read More>>
WeWork Launches Lan Kwai Fong Tower Location in Hong Kong’s Central
The world’s most valuable co-working provider launched its WeWork LKF Tower on Tuesday in Hong Kong’s famed nightlife district, Lan Kwai Fong.
The $42 billion shared space startup’s latest centre is housed in the former Hotel LKF at 33 Wyndham… 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 Gets $930M Offer for Office Building in HK’s Central
Henderson Land Development has reportedly received a HK$7.3 billion ($930 million) offer from an undisclosed financial group for the FWD Financial Centre, a grade A office building at the western fringe of the city’s Central district, according to a source… Read More>>
Macau Gambling Figures Buy Asset in HK’s Central From Car Park Queen for HK$100M
The sixth floor of the On Lok Yuen Building on Hong Kong’s Dex Voeux Road was purchased by a Macau investor for HK$100 million, the Land Registry announced late last month. The investor has now been identified as Chan Wai… Read More>>
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