Luxury Real Estate Blog and News
The average rental cost for Central and Sheung Wan grade A office has risen to HKD189 per sq ft this year, superseded London in the UK and Financial Street in Beijing.
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.
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.
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.
The government lifted the Double Stamp Duty to 15% last Friday, affecting the secondary residential market.
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.
Residential site near the city’s former international airport was tendered Wednesday for HK$8.84 billion, more than double analysts’ expectations.
A house lot at 123 Dumbarton Road, Kowloon Tong is said to be sold for HKD 250 million of HKD 27,180 psf.