Luxury Real Estate Blog and News

Tsing Ha Lane site sold at 70% above valuation

December 05, 2016 - Tuen Mun
Residential plot on Tsing Ha Lane in Tuen Mun has been sold for HKD 1.4 billion, or HKD 6,800 per sq ft of permissible GFA.

2 villas of Mount Nicholson sold for HKD 1.125 billion

December 04, 2016 - The Peak
Mount Nicholson at the Peak sold Villa No. 9 and No.11 through tender, which closed last Friday (18 November).

Street shop at San Kan Street, Sheung Shui sold for HKD 29,000 psf

December 02, 2016 - Sheung Shui
According to market news, a street shop located at Sheung Shui livelihood area, 27-35 San Kan Street, with an area of around 500 sq ft, has been changed hand for HKD 14.5 million.

2 whole floors of Far East sold for HKD 650 million

December 01, 2016 - Admiralty
The entire floors of 22/F and 32/F of Far East Financial Centre in Admiralty, with a total GFA of 21,352 sq ft, was recently sold for HKD 650 million to a consortium.

Urban Retreats

December 01, 2016 - Washington
Hidden in plain sight and tucked away in the quiet corners of our world’s bustling metropolises.

Burberry's giant shop at Silvercord gets 30% rent cut

November 30, 2016 - Tsim Sha Tsui
British brand Burberry currently rents Shop G4-G5, G/F, Shop 104-106, 1/F & Shop 207-209, 2/F, Silvercord, Tsim Sha Tsui, with a total area of 10,100 sq ft, for HKD 6.5 million per month.

Average rent of Causeway Bay ranks second around the globe

November 29, 2016 - Causeway Bay
According to market report, the average rent of Causeway Bay, which ranks the second worldwide, is HKD 1,871 per sq ft, dropped 15.5% y-o-y.

Villa on Blue Pool Road sold for HKD 300 million, paying HKD 90 million stamp duty

November 28, 2016 - Happy Valley
Villa 25A, 23-39 Blue Pool Road, Happy Valley, with an area of 4,571 sq ft, has been purchased by a company for HKD 301.8 million, or HKD 66,025 per sq ft.

Abercrombie & Fitch to close Central flagship store

November 25, 2016 - Central
American chain Abercrombie & Fitch has decided to close its flagship store in Central in July - despite incurring a break-lease cost of HK$125 million.

Unit at South Horizons sold for HKD 25,700 psf, record high

November 24, 2016 - Ap Lei Chau
A top-floor unit at Flats G, 40/F, Block 17, South Horizons, Ap Lei Chau, with a saleable area of 1,329 sq ft and a 452-sq-ft open area, was sold by auction yesterday.