Hong Kong
HKMU buys hotel to meet with student demand
IN a bid to meet growing demands from students, the Hong Kong Metropolitan University (HKMU) has bought a brand-new hotel in Hung Hom which it intends to repurpose for student…
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Asia Property Journal Deal Watch
ASIA Property Journal’s weekly comprehensive wrap of property sales and leasing transactions across Asia. Retail Hong Kong Shop A&B…
Wheelock secures HK industrial for US$ 93m
DEVELOPER Wheelock Properties has acquired an industrial property on Hong Kong Island for HK$ 728 million (approximately US$ 93.46 million).…
Asia Pacific capital markets turning the corner
COMMERCIAL real estate investment volumes have recovered from the 2023 downturn. According to JLL’s data, CRE volumes increased by 2%…
Evergrande sues founder and executives to recover $6bn
CHINA Evergrande, the world’s most indebted property developer and under liquidation, is taking legal action against its founder and former…
One floor at BOA HK tower fetches over US$33m
PROPERTY developer Sino Land Company has acquired an office floor within the Bank of America Tower, one of the 29…
Sino Ocean avoids liquidation with debt restructure
REAL estate developer Sino Ocean has staved off liquidators after making significant progress through discussions with its creditors to restructure…
China industrial landlords sacrificing rent growth to keep nervous tenants
CAUTIOUS industrial and logistics tenants in China are choosing not to renew leases ahead of expiries, prompting landlords to change…
HK peak residential sells for USD$141m after 50pc discount
A PRIME residential property located in the prestigious Peak district of Hong Kong has sold for HKD$ 1.1 billion (approximately…