Luxury Real Estate Blog and News

Hong Kong office space is the most expensive in the world

November 16, 2016 - Sheung Wan
The average rental cost for Central and Sheung Wan grade A office has risen to HKD189 per sq ft this year, superseded London in the UK and Financial Street in Beijing.

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.

Kowloon Tong house lot said to be sold for HKD 250 million

November 04, 2016 - Kowloon Tong
A house lot at 123 Dumbarton Road, Kowloon Tong is said to be sold for HKD 250 million of HKD 27,180 psf.

Hotel in Jordan sold for HKD 108 million

November 03, 2016 - Jordan
According to market news, a hotel named A3 at 129-131 Temple Street in Jordan was recently sold for HKD 108 million, or around HKD 2.91 million per guest room.