Latest news with #WongChukHang
South China Morning Post
23-07-2025
- Entertainment
- South China Morning Post
4 unmissable exhibitions to keep you cultured this week
Wish You Were Here Hula Dancer (Postcards from Nowhere), 2014 by Vik Muniz. Photo: Ben Brown Fine Arts Curated by New York-based art adviser Jie Xia, this group show looks at how paradise is imagined and consumed. With works by 15 post-war and contemporary artists, it evokes summer with scenes revolving around the beach, oceans and travel, filtered through nostalgia and longing. Artists featured include Vik Muniz , Enoc Perez, Gerhard Richter and Tseng Kwong-chi. Ben Brown Fine Arts, 201, The Factory, 1 Yip Fat Street, Wong Chuk Hang, until October 25 Art Actions | Our Youth Our Future Some of the works in the 'Art Actions | Our Youth Our Future' exhibition taking place in Hong Kong's Kennedy Town. Photo: courtesy HART Haus x rén Co-presented by HART Haus and rén, this show highlights six emerging artists – Daniel Roibal, Keisuke Azuma, Sin U Lam and 2024 HART awardees Elsa Ngai, Kwok Wah-san and Kelly Kwok. Their paintings and installations interrogate transnational training, memory and place as they chart the shift from art school to a professional career. 3/F, HART Haus, Cheung Hing Industrial Building, 12P Smithfield, Kennedy Town, until September 13 Aura Within Installations in the 'Aura Within' exhibition at Hauser & Wirth Hong Kong. Photo: South Ho
South China Morning Post
19-07-2025
- Business
- South China Morning Post
Morgan Stanley banker buys two Hong Kong luxury flats in Wong Chuk Hang for US$18.8 million
David Wraight, managing director at Morgan Stanley , has bought two luxury residential units in Hong Kong for HK$147.3 million (US$18.8 million), joining a growing cadre of global financiers on the hunt for high-value properties at reduced rates. The two flats in the first phase of Deep Water Pavilia in Wong Chuk Hang, developed by New World Development (NWD) and MTR Corporation , have a combined saleable area of 3,242 sq ft. They were sold last month, according to the Land Registry. The buyer, listed as David John Wraight, shares the full name of the Morgan Stanley banker. The transactions translate to an average price of HK$45,440 per square foot. One unit, a 1,706 sq ft home featuring four bedrooms and two en-suites, sold for HK$81.89 million, or HK$48,000 per square foot – one of the highest prices recorded in the project. The other unit, a 1,536 sq ft four-bedroom flat, fetched HK$65.43 million. The Southside development, which provides much-needed relief for cash-strapped NWD , is among the most closely watched luxury residential projects in Hong Kong in recent years.
South China Morning Post
17-07-2025
- Business
- South China Morning Post
Disney sues Hong Kong jewellery shop over Mickey Mouse trademark infringement claims
The Walt Disney Company has taken a Hong Kong online jewellery shop to court for alleged trademark infringement, accusing the store of misleading consumers into believing that its Mickey Mouse-themed products were sold under an authorised partnership. The lawsuit, filed by the company's subsidiary Disney Enterprises, Inc. on Wednesday in a district court in California, targets Hong Kong-based Red Earth Group Limited, which operates an online jewellery brand, Sateur. The shop has an office in Wong Chuk Hang, located in Hong Kong's Southern district. 'Disney remains committed to guarding against unlawful trademark infringement and protecting consumers from confusion caused by unauthorised uses of Mickey Mouse and our other iconic characters,' a Disney spokesperson told the Post in a statement on Thursday. Sateur, which has been featured in magazines such as Vogue and Cosmopolitan, launched its 'Mickey 1928 Collection' in January 2024, with items ranging from about US$135 to US$300. On its website and Instagram posts, the brand describes the collection as a way for 'Disney enthusiasts' to 'own a dazzling piece of history that blends the timeless charm of Mickey Mouse with luxury you can afford'.
South China Morning Post
27-06-2025
- Business
- South China Morning Post
Hong Kong developer NWD meets 2025 sales target and wins commitment to refinancing
Hong Kong developer New World Development (NWD) secured some much-needed financial relief by hitting a 2025 property sales target of HK$26 billion (US$3.3 billion) and winning a commitment from creditors to refinance HK$87.5 billion of its debt, people familiar with the matter said on Friday. With a strong sales response for its jointly owned Deep Water Pavilia project in Wong Chuk Hang on the south side of Hong Kong Island, NWD was expected to hit the contracted sales target for the financial year that ends on Monday, according to a source familiar with the matter. Deep Water Pavilia has 447 units in total, with sizes ranging from 408 to 3,120 sq ft. It was jointly developed by five developers, including NWD, which owns 50 per cent of the property. The other partners are Empire Group, CSI Properties, Lai Sun Development and MTR Corp. As of June 26, the group had sold 341 units with total sales of HK$6.3 billion, the company said. 'The property sales and creditors' commitments to refinance the US$87.5 billion are positive news for NWD,' said Tom Chan, permanent honourable president and director of the Institute of Securities Dealers. The developer received backing from banks for its HK$87.5 billion loan refinancing before its Monday deadline, according to another source. The refinancing deal was reportedly backed by some 40 assets, including the company's New World Tower headquarters and its Victoria Dockside complex in Tsim Sha Tsui. Bloomberg earlier reported that New World was in the market for a separate HK$15.6 billion loan secured against Victoria Dockside to support the broader refinancing exercise. The development marked the end of a months-long negotiations for a debt package that sought to pull NWD back from the brink of default.
South China Morning Post
14-06-2025
- Business
- South China Morning Post
Homebuyers snap up Deep Water Pavilia flats on the back of discounts, low interest rates
The first batch of flats on offer at the Deep Water Pavilia project on the south side of Hong Kong island are expected to sell out, according to property agents, as homebuyers rushed to snap up available units this weekend on the back of discounted pricing and low interest rates Advertisement As of 1pm on Saturday, 75 of the 138 flats on offer at the New World Development (NWD)-led luxury residential project in Wong Chuk Hang were snapped up, about four hours after sales started, property agents said. All the units on offer, which are worth HK$1.53 billion (US$196 million), are expected to be sold out when sales close this evening, according to Louis Chan Wing-kit, chief executive at Centaline Property Agency. 'Deep Water Pavilia is located on top of an MTR station, which is convenient,' Chan said. 'Sale prices are also lower than other properties in the area, which attracted both end users and investors to buy flats in the project.' Centaline had some big buyers who took part in the weekend property sale, according to Chan. One spent HK$79 million to buy eight two-bedroom flats, while another paid HK$55 million to acquire five two-bedroom flats. The Deep Water Pavilia luxury residential project, wrapped in green mesh, is being built by a consortium led by New World Development. Photo: Dickson Lee The strong sales of the Deep Water Pavilia project reflect how the city's major property developers are continuing to offer hefty discounts to reduce their inventories amid ample supply.
