Tsim Sha Tsui

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Hong Kong developers Sino Group, NWD delay home sales after devastating Tai Po fire

Sino Group and New World Development announced on Thursday that the sale of 150 units at One Park Place in…

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Hong Kong’s Tsim Sha Tsui holds ground as world’s fourth priciest shopping district

Hong Kong’s Tsim Sha Tsui remained the world’s fourth most expensive retail strip with rents at US$1,515 per square foot…

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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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Exclusive | From boardrooms to hiking trails: HKMA courts top bankers with business and leisure

In an effort to promote a more vibrant image of Hong Kong, the countryside and hiking trails will be showcased…

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PapaHome to open second Hong Kong store as online-to-offline strategy pays off

PapaHome, a partnership between Chinese e-commerce platform Taobao and local home repair platform Papabo, will open a 40,000 sq ft…

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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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Hong Kong schools ramp up property investment, leasing as city eyes education hub status

Hong Kong’s bid to be an international education hub is spurring investments in the city’s battered commercial property segment, with…

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NWD reports losses for second straight year as CEO says debt reduction efforts yield results

New World Development (NWD), controlled by one of Hong Kong’s richest families, reported losses for the second consecutive year even…

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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

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline,…

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