Market Chatter: Ares Management, New World Development Slash Hong Kong Office Tower's Unit Prices Amid Challenging Market

MT Newswires Live
06/29

Ares Management (ARES) and New World Development slashed unit prices at the 83 Wing Hong Street office and retail tower that they co-own in Hong Kong amid a challenging commercial property market, Bloomberg reported Monday, citing sources familiar with the matter.

The partners have cut asking prices by about 57% from levels in 2024, when the project was launched, sources told the news outlet.

Ares Management and New World Development did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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