〈The Standard, July 26, 2025〉Deep Water Pavilia II in Wong Chuk Hang has sold nearly 60 units since the sales kicked off on Friday.
The project, which is being jointly developed by New World Development (0017), Empire Group, CSI Properties (0497), Lai Sun Development (0488), and MTR Corporation (0066), is offering 88 flats on price lists and 60 homes via tender in the first round of sales.
The flats on price lists were nearly 21 times oversubscribed with around 2,000 checks received.
〈Hong Kong Business, July 25, 2025〉299 QRC, an en-bloc commercial property located at 287-299 Queen's Road Central, Sheung Wan is for sale.
The 24-storey property offers approximately 94,417 sq ft of gross floor area and is just a four-minute walk from Sheung Wan MTR station.
According to sole agent JLL, the building presents flexible redevelopment potential, including use as a corporate headquarters, flagship retail outlet, hotel, or educational facility. The property’s floor plates, ranging from 2,852 to 6,002 sq ft, also make it well-suited for student housing in line with current government policy.
〈Asian Post, July 24, 2025〉Wing Tai Properties Limited and CSI Properties Limited unveiled Central Crossing, a joint development in Hong Kong's Central district.
Located at 118 Wellington Street, the project is expected to be completed by mid-2026 and will combine Grade A office spaces, a luxury hotel, a lifestyle hub, green open areas, and a focus on heritage preservation.
With a total gross floor area (GFA) of approximately 433,000 square feet, Foster + Partners has been appointed as the Master Architect for the mixed-use development, according to the release.
〈Hong kong Business, July 23, 2025〉The new “Hostels in the City” scheme, recently introduced by the Development Bureau and Education Bureau, presents significant opportunities for the conversion of lower-tier hotels into hostels, according to CBRE.
Hannah Jeong, Executive Director and Head of Valuation & Advisory Services at CBRE Hong Kong, noted that the scheme offers a cost-effective solution for the hotel sector, requiring only minor adjustments such as adding common facilities like kitchens and installing bunk beds.
This makes the conversion of hotels more feasible compared to commercial buildings, which demand higher capital investments due to the need for room subdivisions, E&M upgrades, and compliance with fire safety regulations.
〈RTHK News, July 22, 2025〉Link Asset Management announced on Tuesday that its chief executive and executive director, George Hongchoy, plans to retire by the end of June 2026.
In a statement, the board said it would search for a successor to lead Link – which manages Link REIT, Asia's largest real estate investment trust, across the retail, office and logistics sectors – into the next phase of its development.
It expressed gratitude to Hongchoy for his contribution and leadership.
