Asia has already witnessed some record breaking real estate deals in the first half of 2019. Here are the top five deals that made a huge splash in the real estate sector where Hong Kong once again proved it has the highest real estate prices in the world.
5. Toranomon Ni-Chome office project, Tokyo
Japan-based Dai-Ichi Life Holdings made the purchase of this nearly 59,000 square meter office tower in the heart of Tokyo’s business district for $1.12 billion.
4. Galaxy Mall, Tianjin, China
China Resources Land purchased Galaxy Mall in Tianjin, China for $1.15 billion. The complex comprises of 360,000 square meters of retail area spaced out on five floors.
3.Dinghao Plaza, Beijing, China
Switzerland-based Partners Group purchased Dinghao Plaza in Beijing for $1.34 billion.
2. Link REIT Retail Portfolio, Hong Kong
Investment group Gaw Capital purchased a portfolio of 12 shopping centers in Hong Kong from Link Reit. The firm paid around $1.53 billion for around 102,000 square meters of prime retail space across Hong Kong.
1. Cityplaza Three and Four office towers, Hong Kong
Hengli Investments Holding bought office towers Cityplaza Three and Cityplaza Four in Hong Kong for nearly $2 billion from Swire Properties.
The two grade-A towers are 22 story in height and is positioned in the central business district in Hong Kong.