Post Mag

Chinese sportswear maker Xtep International has opened Saucony’s first standalone store in Hong Kong, signalling the premium running brand will expand further, with the city positioned as a showcase market while the group’s core label is reserved for broader overseas growth. The outlet at K11 Art Mall in Tsim Sha Tsui is Saucony’s first directly operated store in Hong Kong after...

A penthouse at CK Asset Holdings’ luxury residential project in Hong Kong’s Mid-Levels has been sold via tender for HK$380.77 million (US$48.5 million), according to a statement from the flagship property developer of tycoon Li Ka-shing, underscoring the rebound in the city’s high-end residential segment. Unit 10 on the 20th floor of 21 Borrett Road in the upscale district in Ce...

Hong Kong’s overall prime office vacancy rate fell to a seven-month low in May, driven by spillover demand from Central, where premium offices were close to full occupancy, according to JLL. With Central’s grade A office vacancy rate holding steady at 9.2 per cent, tenants appeared to have found their way to neighbouring Wan Chai and Causeway Bay. Vacancy there edged down to 9.8...

The president of a Shanghai-listed mining company has been identified as the buyer of a luxury house in Hong Kong’s Stanley district, paying HK$220 million (US$28 million) for a receiver-owned property, as lenders accelerate the disposal of distressed assets and wealthy mainland Chinese buyers return to the market. Land Registry records showed a house at 33 Tung Tau Wan Road cha...

Receivers and agents of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have expressed confidence in finally finding a buyer for the dual-branded complex – which together make up Hong Kong’s third-largest hotel by room numbers – as creditors move to dispose of the asset. Sole agent Savills is holding a formal tender that is expected to close on August 31 ...