Hong Kong developer Lai Sun Development, chaired by businessman Peter Lam Kin-ngok, who also chairs the city’s Tourism Board, has launched an exchange offer for its outstanding US$493 million worth of 5 per cent guaranteed notes due July 2026, in an effort to relieve short-term liquidity pressures, the company said Monday in a filing to…
A company linked to the family of late Macau casino pioneer Fu Tak-iam bought a serviced-apartment property in Hong Kong’s Wan Chai district for about HK$550 million (US$71 million) amid renewed investor appetite for rental assets in the city. Pleasure Properties was identified as the buyer of CHI 138, a 107-unit serviced-apartment property at 136…
An increase in office leasing activity in Hong Kong, coupled with a moderate amount of new space coming onto the market, translates to improved prospects for the battered commercial property sector next year, according to analysts. The supply of new grade A office space in 2026 and 2027 was likely to be less than the…
Hong Kong’s office segment is picking up due to leasing demand from mainland Chinese law firms and financial groups, supported by a buoyant stock market that has seen an increasing number of companies launch initial public offerings (IPOs) in the city. Office-leasing activity in August grew for a fifth straight month, with tenants absorbing 313,800…