Luxury Real Estate Blog and News

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.

7 transactions in 10 major estates over weekend under lifted stamp duty

November 09, 2016 - Hong Kong
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.

Hong Kong raises stamp duty on second home purchases to 15%

November 08, 2016 - Hong Kong
Hong Kong’s top official has raised the property stamp duty for the second time in three years to tame soaring real estate prices in the world’s least affordable major city.

Kai Tak Land Tender Awarded at $8.8 billion, 90% higher than expected

November 07, 2016 - Kowloon Bay
Residential site near the city’s former international airport was tendered Wednesday for HK$8.84 billion, more than double analysts’ expectations.