An apartment on Hong Kong’s posh Victoria Peak sold last week for HK$583.2 million ($74.8 million), as bullish sentiment continues to sustain luxury home prices in the world’s most expensive housing market despite the COVID-19 pandemic entering its third year.
Hong Kong Heiress Bought $82M Peak Home and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a tycoon’s daughter is outed as the buyer of Asia’s priciest apartment, Chinese developers’ stocks and bonds tumble after Shimao Group flashes cash-crunch signals, and an Indonesian billionaire snaps up three… Read More>>
$82M Home on Hong Kong’s Peak Sets Record for Asia’s Priciest Apartment
A luxury home on Hong Kong’s Victoria Peak this month sold for HK$639.7 million ($82.1 million) and set a new record for Asia’s priciest apartment, according to public records posted by the developer, shouldering aside the previous high-water mark set… Read More>>
CapitaLand Sets Up Sustainable Innovation Fund and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, real estate giant CapitaLand hatches a five-year fund to boost innovation and sustainability, another Hong Kong parking spot goes for an eye-popping sum, and Singapore’s retail and office REITs outperform despite recent COVID… Read More>>
Ascendas REIT Selling 3 Aussie Assets for A$125M and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, SGX-listed Ascendas REIT disposes of three industrial assets Down Under, Kaisa boss Kwok Ying-Shing officially takes over at Hong Kong’s Sing Tao News, and South Korea’s Shinhan REITs is set to buy an… Read More>>
Chengdu Tycoon Revealed as Buyer of HK$1.1B Pair of Houses at Hong Kong’s Mount Nicholson
While the citizenry of Hong Kong has shown mixed feelings toward the adoption of China’s judicial system in recent weeks, the city’s property developers have had better results from selling luxury properties to mainland tycoons, with one real estate magnate… Read More>>
Hong Kong Princeling Buys HK$916M Peak Pad and More Asia Real Estate Headlines
A generation Z tycoon-in-training leads the way in Mingtiandi’s roundup of real estate headlines today with news that the heir to a lesser-known Hong Kong fortune has purchased a house in Jardines’ Lookout for HK$916 million ($117.33 million), or HK$105,603… Read More>>
Pair of Houses on Hong Kong’s Jardine’s Lookout Sell for HK$1.1B
A pair of luxury homes at the Mount Nicholson project on Hong Kong’s Jardine’s Lookout have sold for a combined HK$1.1 billion, according to records posted on the development’s website, as buyers look for value prices on high end homes… Read More>>
Wheelock Sells House at Hong Kong’s Peak for HK$720M Four Months After Failed Deal
A house at Mount Nicholson, a high-end development at Hong Kong’s Jardine’s Lookout, has been sold for HK$720 million ($91.73 million), according to local media accounts.
The sale of the house No 16 at Mount Nicholson, which is changing hands… Read More>>
Hong Kong Homebuyer Eats HK$36M Deposit to Renege on Mount Nicholson Deal
Less than two weeks after agreeing to purchase a home at Hong Kong’s Jardine’s Lookout for HK$721.88 million ($92.1 million), an unnamed buyer has walked away from the deal, forfeiting a HK$36 million deposit, according to Hong Kong public records.