A Hong Kong office unit at Admiralty Centre has changed hands for HK$292.17 million (US$37.46 million), making it the most expensive commercial property transaction registered on Tuesday, according to official records, in a deal that adds to tentative signs of stabilisation in the city’s battered real estate market. The office space, located in Tower 1…
The public will be allowed to observe the first open meeting of an independent committee investigating the cause of Hong Kong’s deadliest fire in decades, which will set the framework for subsequent hearings. The independent committee, which was set up in the aftermath of the fire at Wang Fuk Court, announced on Tuesday that it…
The couple behind the Asia distributor of Japanese skincare brand Fancl has bought prime office and retail space in Hong Kong’s Admiralty district, highlighting selective bargain hunting by cash-rich local investors as commercial property prices remain under pressure. Gourmet Dining Group, owned by Christopher Chan and wife Michelle Ma-chan, agreed on January 5 to buy…
The newest landmark office tower in Hong Kong’s main business zone is nearing full occupancy a year and a half after it welcomed its first tenants, suggesting improving fortunes in the city’s office property segment. The Henderson – the prime commercial development and namesake tower for one of Hong Kong’s largest developers – reached 90…
In 2009, Christophe Younes left Paris for Hong Kong at the age of 17 to finish high school. Fresh-faced and eager, and having never lived abroad, he was going to join his father in the city. He had not even moved on to university when his father first suggested opening a patisserie. That planted a…
Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester…
The only cinema in the Ma On Shan area has shut down, joining the wave of theatre closures in Hong Kong that began during the pandemic. Emperor Cinemas announced on Monday that its branch in MOSTown, a shopping centre in Ma On Shan, had ceased operations on the same day. No reason for the closure…
Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester…
A Hong Kong professional rugby player has been accused of molesting a patron at a bar and damaging a door bolt inside a police station while he was held in custody. Faizal Solomona Penesa, 33, on Friday appeared at Eastern Court for the first time over a count of indecent assault and another of criminal…
Morgan Stanley upgraded Hong Kong’s property sector to “attractive”, noting that an all-round improvement in the city’s economy and a policy-driven recovery will continue to push prices higher this year. The US investment bank forecast home prices to rise around 10 per cent in 2026, with further gains expected in 2027, pointing out that the…