Luxury Real Estate Blog and News

L'Occitane moving out Causeway Bay shop, rent slashing 39%

December 06, 2016 - Causeway Bay
L'Occitane will move out its current shop at 527 Lockhart Road, Causeway Bay, which is rent for HKD 780,000 per month, after the lease ends.

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.