Chan, who owned seven office floors at The Center, sold the last two to Singapore’s DBS Group in September and November for an average price of HK$26,500 per square foot, an over 20 per cent discount …
Tepid sales at Hong Kong’s Uni Residence as competition heats up in new home market
The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.
Succession struggle in billionaire Cheng family, one of Hong Kong’s ‘big four’ property dynasties, as heir steps down
The Chengs, with a fortune estimated at US$19.5 billion, are Hong Kong’s third-richest clan and one of its “big four” property families, but they have grappled with succession challenges in recent …
Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat
Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, reportedly purchased a HK$119 million (US$15.2 million) flat in the city’s affluent Mid-Levels neighborhood amid an ongoing …
New World Gets More Bank Commitments for Loan Refinancing
Embattled Hong Kong property developer New World Development Co. has landed more vows from banks to help with a HK$87.5 billion ($11.2 billion) loan refinancing deal, bringing commitments to about 40% …
Cathy Chui, ‘hundred-billion daughter-in-law’ of late Hong Kong billionaire Lee Shau Kee, remembers him as devoted family man
Cathy Chui, daughter-in-law of the late Hong Kong property tycoon Lee Shau Kee, became emotional as she reminisced about her father-in-law in a TVB interview over the weekend.
Hong Kong’s Gale Well reels from market downturn, loses US$6.5 million on 2 asset sales
The real estate investment firm has sold a number of properties in the last few months, while some of its assets are still on the market Hong Kong property investment firm Gale Well Group, which has …
Chinese, Hong Kong investors fuel Dubai property boom
Dubai’s real estate market is experiencing a surge in interest from Chinese and Hong Kong investors, drawn by the emirate’s strong economic fundamentals, investor-friendly policies, and high-yield …
Japanese retailers like 3Coins capitalise on Hong Kong’s retail property slump to expand
Osaka-based 3Coins store to open in mid-July in Hysan Place; firm plans to sell Japanese grocery products and other items.
Hong Kong rich families offload luxury homes to repay debts
Some of Hong Kong’s richest families are selling their personal residences to manage rising debts as the city’s prolonged property downturn persists.