Hong Kong developer Archives

Debt-saddled Lai Sun Development sells stake in insurer AIA Group’s Hong Kong headquarters

A wholly-owned unit of Lai Sun Development Company, a Hong Kong property firm, has sold its equity stake in the AIA Central skyscraper for HK$1.42 billion (US$180 million) in a …

Hong Kong faces shortfall of up to 59,500 beds for university students, creating opportunity for investors, hotel owners

by Anas Siddiqui

The situation has led to several conversions of hotels into student spaces in the past two years, with more in the offing in 2024. Students walk on the campus of …

Hong Kong’s third richest family set to complete NWS takeover deal after New World Development shareholders approve

by Anas Siddiqui

One of Hong Kong’s richest families, led by billionaire Henry Cheng Kar-shun, is set to take full control of New World Development (NWD) infrastructure unit NWS Holdings after NWD shareholders …