Mong Kok

New Business

McDonald’s cooks up fat profit in US$9.3 million Hong Kong property sale

McDonald’s sold a property in Kowloon for HK$72.4 million (US$9.3 million), as the Chicago-based fast-food giant reached HK$333 million in…

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New Business

Hong Kong’s slumping commercial property market lures savvy tycoon-linked buyer

Savvy investors, including a buyer of a floor at Opus in Mid-Levels who is connected to the family of a…

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New Business

McDonald’s Hong Kong shops sell like hotcakes as two properties go for US$23.5 million

Two McDonald’s shops in Hong Kong were sold to the same buyer for HK$183 million (US$23.5 million) on Monday, marking…

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New Business

McDonald’s sells first Hong Kong property in US$154 million asset-disposal plan

McDonald’s Corp has sold a shop in Yuen Long via public tender for HK$77.4 million (US$9.9 million), the fast-food chain’s…

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New Business

Hong Kong retailers cheer sales boom, but shop rental hikes may not follow any time soon

Ever since Hong Kong’s retail sector shook off 14 months of consecutive declines in May, analysts have been speculating whether…

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New Business

New trend among fashion brands: setting up cafes to drive up store traffic

A new trend has emerged in Hong Kong’s commercial property landscape as the retail sector slowly recovers: non-food and beverage…

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New Business

Hong Kong ‘Shop King’ Tang Shing-bor’s family sells Mong Kok hotel at throwaway price

Hong Kong developer Wang On Properties and US investment firm Angelo Gordon have jointly acquired a hotel in Mong Kok…

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New Business

McDonald’s seeks US$153 million for 8 Hong Kong retail properties in rare asset sale

McDonald’s Corp is selling eight retail properties in Hong Kong with an estimated market value of HK$1.2 billion (US$153 million),…

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New Business

Bets on Hong Kong hotel assets jump as distress, tourism rebound lure investors

Hong Kong is becoming a magnet for hotel investments after some investors snapped up assets on the cheap this year,…

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New Business

After selling homes on The Peak, low-key Ho Shung-pun family puts building on the block

The family of Ho Shung-pun, a low-key clan of real estate developers in Hong Kong, has put a commercial property…

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