Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

    Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal

    Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according…

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    Squally thunderstorms set to hit parts of Hong Kong within hours

      Squally thunderstorms set to hit parts of Hong Kong within hours

      Hong Kong’s weather forecaster has warned that downpours are approaching the city, saying they are expected to become more frequent throughout the day. A spokesman for the Hong Kong Observatory said at 8.20am on Tuesday that an area of thundery showers over western Guangdong was gradually moving eastwards. “Showers are expected to be heavier in…

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