This is the weekly news wrap, featuring the latest real estate stories from Hong Kong. Whether your interest lies in industrial, retail, office real estate or asset investments, we have got the news that matters, covered.

Hong Kong's Fifth-Tallest Tower Sells for Record US$5.15 Billion, Economic Journal Says

Bloomberg

Li Ka-Shing's CK Asset Holdings Ltd. sold its 75 percent holding in The Center to a Chinese-led group for HK$40.2 billion ($5.15 billion), a record for a Hong Kong office tower, the Hong Kong Economic Journal reported. The deal will be announced in the near future, the Economic Journal reported, without saying where it got the information. 

 

Billionaire Lau's Chinese Estates Can't Get Enough of Evergrande

Bloomberg

Billionaire Joseph Lau's Chinese Estate Holdings Ltd. just can't seem to get enough shares of property developer China Evergrande Group -- whose shares have soared more than 500 percent this year. Chinese Estate has spent HK$12 billion on the purchases since April, representing more than 18 times its free cash and more than three times its 2016 revenue.

 

Growth in Hong Kong Home Prices Slows After "Spicy Market" Restrictions Launched

South China Morning Post 

Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. Month-on-month growth in prices tapered off to 0.3 per cent in July and 0.4 per cent in August, compared with 3.1 per cent in September and 2.7 per cent in October last year, Housing and Transport Minister Frank Chan Fan said on Wednesday in a written reply to the city's legislature.

 
The Standard

Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. Month-on-month growth in prices tapered off to 0.3 per cent in July and 0.4 per cent in August, compared with 3.1 per cent in September and 2.7 per cent in October last year, Housing and Transport Minister Frank Chan Fan said on Wednesday in a written reply to the city's legislature.

 

Hong Kong Stocks Fall Most In 2 Months As Property Shares Tumble  

Reuters

Hong Kong stocks fell the most in over two months on Thursday as investors dumped property shares amid signs of tighter liquidity in the city and after data showed property sales in mainland China fell for the first time in over 2.5 years. 

 

HK Airport Sees Steady Growth in Air Traffic in September

China Daily

Air traffic at Hong Kong International Airport (HKIA) continued to grow across all three categories in September with 430,000 tons of cargo and 5.61 million passenger volume during the month, according to the HKIA on Tuesday. The cargo volume of the last month increased by 9.1 percent, fueled by a 14% year-on-year growth in exports.   

CBRE in the News

 

Hong Kong Cheaper than Beijing, Tokyo When It Comes to Cost of Setting up Offices, says CBRE 

South China Morning Post
Features: Steve Palfrey, Executive Director, Project Management, Hong Kong

 

Revitalised Industrial Building in Kwun Tong Up for Lease for HK$28 per sq. ft.
NOW.com (Chinese version only)

Features:  Rocky Chan, Director, A&T Services - Office, Kowloon


CBRE Expects HK Overall Retail Rental Decline Below 4% for 2017

AA Stock
Features: Joe Lin, Executive Director, A&T Services - Retail, Hong Kong

21 Office Transactions Registered in 3Q17, Lowest in Five Quarters

ON.CC (Chinese version only)
Features:  Stanley Wong, Executive Director, Capital Markets, Hong Kong