Luxury Real Estate Blog and News

Retail rent slashed 46.8% in Causeway Bay

March 21, 2017 - Causeway Bay
The Rating and Valuation Department (RVD) announced that the most significant rental drop was recorded in the first tier street shops in Causeway Bay in 2017/18.

Nan Fung Sun Chuen unit with roof deck sold for HKD 16,600 psf

March 15, 2017 - Quarry Bay
A top-floor unit at Block 1, Nan Fung Sun Chuen, Quarry Bay, with a saleable area of 391 sq ft and 194-sq-ft roof deck, has been changed hand at HKD 6.5 million, or HKD 16,600 per sq ft.

4-room unit at Kingsford Gardens sold for HKD 38 million

March 09, 2017 - North Point Mid Level
A 4-room unit at Unit 1, Mid-Floor, Block C, Kingsford Gardens, North Point, with a saleable area of 2,379 sq ft, has been changed hand for HKD 38 million, or HKD 15,973 per sq ft.

Unit at the Avenue, Wan Chai, sold for HKD 120 million

March 08, 2017 - Wan Chai
A top-floor unit at Block 3, Phase 2, The Avenue, Wan Chai, with a saleable area of 2,472 sq ft and a roof deck of 2,674 sq ft, has been sold for HKD 120 million yesterday.

Valuation of HKD 230 million for a Central property

March 01, 2017 - Central
The entire block at 2 On Lan Street, Central, with site area of 955 sq ft including the back alley, or a total gross floor area of 5,063 sq ft, is now put on sale.

Chinese builders pay record USD$2.17 billion for Ap Lei Chau site

February 27, 2017 - Ap Lei Chau
The residential lot at Lee Nam Road, Ap Lei Chau was purchased by PRC capitals at HKD 16.8 billion last Friday and it broke the highest record in Hong Kong.

4/F of China Insurance Group Building sold at HKD 175 million

February 23, 2017 - Central
The entire 4th floor of China Insurance Group Building at Des Voeux Road Central, with an area of about 14,505 sq ft, has been transacted at HKD 175 million earlier this year.

HKD 35,000 psf for Converntion Plaza, broke the building's record

February 12, 2017 - Wan Chai
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.

BNP rents Taikoo Place at HKD 50 psf

February 09, 2017 - Quarry Bay
Bank BNP Paribas has recently completed the pre-leasing of a number of commercial buildings in Taikoo Place in Quarry Bay, including Dorest House.

920-sq-ft unit at Seaview Garden sold for HKD 17 million

February 08, 2017 - North Point Mid Level
A seaview 920-sq-ft (saleable area) unit at Flat B, Mid-Floor, Seaview Garden, Mid-Levels, North Point, with 3 rooms and a storage room, has been sold together with a parking space for HKD 17 million.