Luxury Real Estate Blog and News

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.

Mainland buyer pays HKD 30 million stamp duty for purchase of Eden Gate

November 23, 2016 - Kowloon Tong
2 units at Flat B, Low-Floor, Block 1, Eden Gate, Kowloon Tong, both with an area of 1,464 sq ft, has been purchased by a mainland buyer for HKD 107 million.

Lease for Laforet large street shop renewed at 50% discount

November 22, 2016 - Causeway Bay
The chain jewellery shop, Chow Tai Fook, is currently renting a 7,009-sq-ft street shop in Laforet, Causeway Bay, with tenancy ending at the end of this month

2,554 cases of primary luxury for first 10 months

November 18, 2016 - Hong Kong
According to market report, 2,554 cases and a total consideration of HKD 73.412 billion for primary luxury with values over HKD 12 million were recorded in the first 10 months this year.

3-room unit at Hoi Shing Building rented for HKD 24,800

November 17, 2016 - North Point
A 3-room unit at Flat B, High-Floor, Hoi Shing Building, North Point, with a saleable area of 670 sq ft, has been rented with a monthly rent of HKD 24,800, or HKD 37 per sq ft per month.

Lang Ching Place sold for HKD 450 million

November 15, 2016 - Mong Kok
According to market news, an entire block of Mong Kok’s ginza-style commercial building, Lang Ching Place, was sold for HKD 450 million.

3-room unit at Marinella rented for HKD 63,000 per month

November 14, 2016 - Aberdeen
A seaview 1,094-sq-ft unit at Flat C, Mid-Floor, Block 3, Marinella, Aberdeen, with 3 rooms and a worker room, has been leased together with a parking space for HKD 63,000, or HKD 58 per sq ft.

Valuation of Kwun Tong plot lowered as government raised stamp duty

November 11, 2016 - Kwun Tong
The tender of a private residential plot at Sin Fat Road, Kwun Tong, with a site area of 196,561 sq ft, will close this Friday.

HK resident bought Masterpiece, paying lifted stamp duty of HKD 23 million

November 10, 2016 - Tsim Sha Tsui
A 4-room duplex unit at Flat H, 63 & 65/F, Masterpiece, Tsim Sha Tsui, with a saleable area of 3,855 sq ft, has been sold through tender for HKD 155 million, or HKD 40,208 per sq ft.