Record high prices make the news again today in Hong Kong, with confirmation that a floor in an office tower on Queen’s Road has sold at just under HK$60,000 per square foot.
Also in the headlines, a developer is planning… Read More>>
Floor in Hong Kong’s World-Wide House Sells For HK$735M, Breaking Record Price
Hong Kong’s Central district has become the place where office price records go to be shattered. Less than a week after a floor in 9 Queen’s Road Central sold for a city-wide record of HK$60,000 ($7,643) per square foot, a… Read More>>
FE Consortium Building Floor Sells for Record Price and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, a locally listed firm bought a floor in Central’s Far East Consortium Building for HK$20,000 ($2,548) per square foot, breaking the building’s record, and helping the former owner to turn a profit of… Read More>>
Wheelock Project Sells 750 Units in Two Days and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Wheelock was able to sell 750 units in its new Malibu project in Tseung Kwan O, the New Territories in just one weekend. Also changing hands is a floor in Silver Fortune Plaza,… Read More>>
Phoenix Property Investors Said Buying Queen’s Road Office Space For HK$442M
Hong Kong-based Phoenix Property Investors is reported to have invested HK$442 million ($56.5 million) to purchase commercial space in the lower floors of the V Heun Building in Central, according to an account in local newspaper Mingpao.
The latest reported… Read More>>
Secondary Home Prices Soar for 21st Month and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, secondary home prices have surged for the 21st straight month in December, and all that froth means that there was not a single case of negative homeowner equity in the city last year…. Read More>>
Hermès Said Selling Floor in Hong Kong’s The Galleria to Chelsfield for $115M
British property developer Chelsfield is said to be buying the ground floor of The Galleria, a shopping centre in Hong Kong’s Central commercial hub, from French luxury brand Hermès for HK$900 million ($115 million), according to a local media report.
Investor Tries for $25M Profit in 7 Months on Floor in HK’s World-Wide House
A floor in Central’s World-Wide House, one block away from Hong Kong’s Exchange Square, is reported to be open to tender with an asking price of HK$800 million ($102 million). The seller bought the property in July of last year,… Read More>>
Richard Li Buys Central Project From CSI for HK$2B
Richard Li’s Pacific Century Premium Developments (PCPD) has agreed to pay HK$2 billion ($256 million) to a company run by a former associate of the second-generation tycoon in return for ownership of a prime housing site in Hong Kong’s Central… Read More>>
Mainland Demand Drove Hong Kong Office Rents Still Higher in November
Grade A office rents in Hong Kong’s Central district continued to rise in November, edging upwards by 0.3 percent compared to the previous month, despite a slight increase in vacancy in the city’s prime business district, according to a recently… Read More>>
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