Wan Chai Luxury Homes and villas
Wan Chai Luxury Property Search
Rooms 10-12, High-Floor, Converntion Plaza, Wan Chai, with an area of 3,004 sq ft, has been changed hand for HKD 105 million, or HKD 35,000 per sq ft.
The entire block of Cheuk Nang Plaza with total area of 55,621 sq ft was sold for HKD 790 million or HKD 14,203 psf.
Hong Kong property developer Sun Hung Kai Properties yesterday bought a rare prime residential site in a highly anticipated government auction for HK$4.49 billion (US$578 million).
Luxury property values in Hong Kong will continue its decline for the rest of the year, but it won’t be a precipitous drop, property consultants maintain.
Store rents at shopping malls in Hong Kong may dip somewhat but the slide for high-end street level retail spaces has yet to bottom out.
The luxury residential segment on Hong Kong Island experienced a sluggish first quarter after rental rates fell by 4.1% as expats move away from the CBD.