{"id":124284,"date":"2022-01-18T16:30:25","date_gmt":"2022-01-18T09:30:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimaos-founder-offers-to-sell-two-floors-at-the-center-in-hong-kong-as-developer-digs-into-his-own-pockets-to-pare-companys-debt\/"},"modified":"2022-01-18T18:08:42","modified_gmt":"2022-01-18T11:08:42","slug":"shimaos-founder-offers-to-sell-two-floors-at-the-center-in-hong-kong-as-developer-digs-into-his-own-pockets-to-pare-companys-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimaos-founder-offers-to-sell-two-floors-at-the-center-in-hong-kong-as-developer-digs-into-his-own-pockets-to-pare-companys-debt\/","title":{"rendered":"Shimao\u2019s founder offers to sell two floors at The Center in Hong Kong as developer digs into his own pockets to pare company\u2019s debt"},"content":{"rendered":"


\nShimao Group\u2019s founder is putting two floors of the world\u2019s priciest office tower on the market for sale, as even one of China\u2019s more restrained real estate developers digs into his own pockets to pare a looming debt load.Shimao\u2019s founder Hui Wing Mau and his daughter Hui Mei-mei are asking for HK$1.6 billion (US$205 million) for levels 31 and 32 of The Center in Hong Kong, with a combined floor plate of about 50,000 square feet (4,645 square metres), according to a sales kit seen by South\u2026
\n
\nSource : South China Morning Post
\nRead more…Shimao\u2019s founder offers to sell two floors at The Center in Hong Kong as developer digs into his own pockets to pare company\u2019s debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shimao Group\u2019s founder is putting two floors of the world\u2019s priciest office tower on the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124284","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wkA","jetpack-related-posts":[{"id":160376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-cassette-king-offers-to-sell-luxury-property-to-pare-debt\/","url_meta":{"origin":124284,"position":0},"title":"Hong Kong\u2019s \u2018Cassette King\u2019 offers to sell luxury property to pare debt","date":"September 3, 2025","format":false,"excerpt":"\r One of Hong Kong\u2019s best-known real estate investors has put another luxury home up for sale at a discount, as the city\u2019s property glut and elevated interest rates weigh on highly leveraged entrepreneurs. David Chan Ping-chi, dubbed the \u201cCassette King\u201d for his fortunes made from producing audiovisual cassettes and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt\/","url_meta":{"origin":124284,"position":1},"title":"China Evergrande\u2019s property management arm launching US$2 billion IPO as developer seeks to pare massive debt","date":"November 22, 2020","format":false,"excerpt":"\r Evergrande Property Services, a unit of mainland China\u2019s largest and most indebted developer China Evergrande Group, is looking to raise up to HK$15.8 billion (US$2.04 billion) from an initial public offering in Hong Kong next week, a move that will allow its parent to pare back its massive debt.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125232,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guangzhou-rf-sells-londons-vauxhall-square-at-42-per-cent-discount-to-valuation-posting-an-unheard-of-loss-in-desperate-move-to-pare-debt\/","url_meta":{"origin":124284,"position":2},"title":"Guangzhou R&F sells London\u2019s Vauxhall Square at 42 per cent discount to valuation, posting an \u2018unheard of\u2019 loss in desperate move to pare debt","date":"March 15, 2022","format":false,"excerpt":"\r Guangzhou R&F Properties has agreed to sell a plot of mixed-use land in London at a loss to Far East Consortium International, in a move that underscores its haste to raise cash to pare its debts.The Vauxhall Square parcel in Vauxhall has been sold for \u00a395.7 million (US$124.8 million),\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes\/","url_meta":{"origin":124284,"position":3},"title":"Evergrande\u2019s staunchest allies drop out as Chinese property developer\u2019s creditworthiness deteriorates amid debt woes","date":"September 17, 2021","format":false,"excerpt":"\r Two of the property magnate Hui Ka-yan\u2019s staunchest allies appear to be bailing out of China Evergrande Group, selling a large chunk of the developer\u2019s stock ahead of a gathering storm and deteriorating credit ratings over US$300 billion in liabilities.Joseph Lau Luen-hung, the founder of Hong Kong developer Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-court-names-evergrandes-liquidators-as-receivers-of-founders-assets\/","url_meta":{"origin":124284,"position":4},"title":"Hong Kong court names Evergrande\u2019s liquidators as receivers of founder\u2019s assets","date":"September 16, 2025","format":false,"excerpt":"\r A Hong Kong judge on Tuesday appointed China Evergrande Group\u2019s liquidators as receivers of the assets of company founder Hui Ka Yan, following his failure to comply with a previous order requiring him to reveal all his worldwide assets valued at more than HK$50,000 (US$6,426). \u201cThere is a total\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111030,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/xu-jiayin-chairman-of-cash-strapped-developer-evergrande-makes-public-appearances-quashing-speculation-he-cant-move-freely\/","url_meta":{"origin":124284,"position":5},"title":"Xu Jiayin, chairman of cash-strapped developer Evergrande makes public appearances, quashing speculation he can\u2019t move freely","date":"September 24, 2019","format":false,"excerpt":"\r Xu Jiayin, the billionaire chairman and founder of China Evergrande, a major developer that also aims to challenge Tesla in mainland China, made two public appearances in Hong Kong and Shenzhen recently, quashing rumours that his movement was restricted by Beijing.Xu, also known as Hui Ka Yan in Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124284"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124284"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}