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>>
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>>
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>>
Shenzhen Developer Spends HK$4.8B Buying Pair of Hong Kong Luxury Sites
The owners of Shenzhen real estate developer Hongrongyuan Property Group have reportedly acquired a luxury residential site five minutes walk from billionaire Jack Ma’s home near Hong Kong’s Victoria Peak for HK$3 billion ($384.6 million), according to local media accounts.
Pansy Ho Makes Record-Setting HK$900M Purchase of Pad on HK’s Peak
Shun Tak Holdings managing director Pansy Ho was revealed on Thursday to have bought a luxury house at 28 Gough Hill Road on Hong Kong’s Victoria Peak for HK$900 million ($114.69 million), the highest square-foot price in Asia for a… Read More>>
