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Since the onset of Covid-19 some 14 hotels have changed hands, mostly for conversion to co-living or student accommodation, with more in the pipeline as activity accelerates in the sector, says Colliers.
Stan Tang's Stan Group has sold the Indi Home Shopping Arcade in Hong Kong's Tsuen Wan area for a reported HK$650 million.
Blackstone has acquired the Elegance Printing Centre in Hong Kong's Shau Kei Wan area for use by its Storefriendly self-storage JV.
Hong Kong's “Minibus King” Ma Ah-muk has sold the Catic Building in Kowloon East as the city's industrial real estate market recovers.
BSTAN Group unveils Abba Yusuf Bichi, son of the Director General of the DSS, as its First Youth Ambassador for the HomeTitan Network.