Less than two weeks after agreeing to purchase a home at Hong Kong’s Victoria Peak 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.
HK$58 Million Shave on Hong Kong Villa Takes Shine Off Luxury Market
Hong Kong’s bellwether for extravagant living — housing prices atop Victoria Peak — suffered a proper dinging after a residence in the tony Mount Nicholson development sold at a price whose discount alone would build a stately mansion almost anywhere… Read More>>
Junson’s Cai Pegged as Buyer of HK$1.4B Peak House and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, billionaire Cai Kui, co-founder of Longfor Properties and owner of Hong Kong-based Junson Capital, is now believed to be the buyer of a luxury house in the exclusive Mount Nicholson area near Victoria… Read More>>
Kerry Logistics Said Hawking HK$12B Shed Horde and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, Kerry Logistics is said to be marketing a portfolio of 12 warehouses in the city at an asking price of up to HK$12 billion, and a Guangzhou developer has snatched up an aging… Read More>>
Shop King Buys Hang Lung Retail Centre for HK$330M and More Hong Kong Real Estate Headlines
Hong Kong’s real estate deal makers don’t seem to have taken much of a holiday break, as we come back after Christmas with news of the city’s shop tycoon buying retail project in the New Territories from Hang Lung, and… Read More>>
Kwun Tong Workshop Sold for HK$1.6B and More Hong Kong Real Estate Headlines
An auction leads off today’s real estate headlines in Hong Kong, as an old industrial building Kwun Tong sold for over HK$1.6 billion. Redevelopment also looks on the way for a set of aging shops in Kowloon’s Tsim Sha Tsui… Read More>>
Pair of Hong Kong Apts Sell for $149M and More Asia Real Estate Headlines
Prices for homes at Hong Kong’s Peak hit new highs this week as a pair of apartments sold for the equivalent of HK$132,000 per square foot. Also in the news, Singapore’s GIC is taking over a Lendlease project building a… Read More>>
Hong Kong Home Sells for $37M Per Bedroom and More Asia Real Estate Headlines
Leading today’s news, Hong Kong’s housing affordability may be a hot topic for most of the city’s seven million inhabitants, but developer Wheelock is doing just fine marketing homes that cost about the same amount as the GDP of small… Read More>>
Casino Heiress Rents Out HK Apartments at $77K Per Month and More Asia Real Estate Headlines
Stratospheric rents at Hong Kong’s highest point lead the news today as a daughter of casino magnate Stanley Ho leases out a pair of apartments on Victoria Peak for nearly US$77,000 per month. Also in the news, China’s Anbang Insurance… Read More>>
What Stamp Duty? Pair of HK Apartments Sell for $117M Two Days After Restriction Debuts
After just three days, it’s safe to say Hong Kong’s new home price stamp duty hasn’t quite worked as government officials would have hoped. The curbing measures, which took effect on Sunday, slapped a levy of 15 percent on residential… Read More>>
