NWD Won Cheung Sha Wan Commercial Site For HK$7.79b New World Development beat eight competitors as it acquired in a government tender a commercial site at King Lam Street in Cheung Sha Wan with a winning bid of HK$7.79 billion. Its offer was about 4% over the upper limit of analysts’ valuation of the site. New World’s bid exceeded the […]

Hong Kong Office Property Landlords Race To Sell As Mainland Buyers Push Up Prices — An SCMP.com article reports on several recent transactions by mainland Chinese companies who continue to look for investment opportunities outside of China. Market remains strong as evidenced by Henderson Land’s sale of Golden Centre, which sold at a valuation near Central Grade-A pricing despite its […]

Kai Tak Site Winner Pledged Shares For Loans The controlling shareholder of HNA Holding Group (521) pledged nearly all of its stake in the firm as security for a loan – a month after the group paid a jaw-dropping HK$8.84 billion for its first residential site in Hong Kong. Hong Kong HNA Holding Group, has pledged 56.11% or 6.39 billion shares in the […]