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>>
Post-War Mansion on Hong Kong’s Peak Could Fetch Up to HK$6B
A Hong Kong property owned by the family of tin-mining tycoon Loke Yew has been put up for sale, with offers predicted to reach up to HK$6 billion ($770 million), according to market sources.
The 68-year-old mansion, which is being… Read More>>
HNA Sells Mansion at Hong Kong’s Peak at 22% Loss After One Year
HNA Group is said to have sold a site with two historical homes in Hong Kong’s prestigious Victoria Peak area for HK$550 million ($70 million), suffering a more than 22 percent loss on the property just over one year after… Read More>>
House on Hong Kong’s Peak Sells at 26% Discount as Market Struggles
A luxury house on Hong Kong’s Victoria Peak has reportedly sold at a 26.5 percent discount from the seller’s original asking price, after going unpurchased for the past seven months, according to local media accounts.
House No 5 at 28… Read More>>
New World Sues HMV for HK$5M in Unpaid Rent and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news is the slow death by retail of the music seller HMV. The giant of the age of LPs, 8-tracks and cassettes is being sued by New World for HK$5 million in allegedly unpaid… Read More>>
Luxury Home on HK’s Victoria Peak Could Sell for $76M
Hong Kong’s housing market may be in the doldrums but sales of high-end luxury properties are sailing smoothly enough for the city’s largest developer to put on the market a house that should sell for at least HK$145,000 ($18,517) per… Read More>>
Peak Condo Sells for HK$667M and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, home sales in the city may be sliding, but high-end shelter seems to still be attracting buyers as a condo on the Peak has sold for HK$667 million, setting a record high price… Read More>>
HK Govt Cancels $4.1B Peak Land Sale as Developers Lowball Luxury Site
The Hong Kong government on Tuesday cancelled a land sale for the first time since January 2016, as it withdrew a luxury site near Victoria Peak which it had hoped would bring bids as high as HK$32.3 billion ($4.1 billion).
Owners of 126-Year-Old Site on Hong Kong’s Peak Try for Compulsory Sale
Owners of an aging set of luxury condominiums on Hong Kong’s Victoria Peak have applied for a compulsory sale in the hope of redeveloping a property that dates back to 1892.
The potential asking price for the collective sale of… Read More>>
Government Auction of Site at Hong Kong’s Peak Could Bring $4.1B Bid
Hong Kong’s real estate market has been going vertical for more than two years, and a government auction for a site in the city’s loftiest residential area is expected to stoke competition among developers from across greater China hoping to… Read More>>
