Luxury Real Estate Blog and News
Hong Kong kicks off tender for Central Harbourfront Site
December 30, 2020 - CentralAmid market uncertainty and sliding property values, Hong Kong is putting up for sale an iconic commercial site in the city’s busiest district.
Zaha Hadid designs 2 Murray Road in Hong Kong
October 02, 2020 - CentralZaha Hadid Architects has unveiled its design for 2 Murray Road, a 190m-high office tower in Hong Kong’s central business district.
Hong Kong commercial property Investment fell 52% last year
January 16, 2020 - CentralInvestment in Hong Kong office and retail properties plunged by 52% last year to HK$$68.9 billion (US$8.9 billion), the largest decline in a single year since 2011.
Hong Kong Central: The World's Priciest Office Market
December 10, 2018 - CentralHong Kong’s Central area has taken the prize for the world’s most expensive premium office rents for a fourth year running, according to global real estate consultant JLL.
Entire floor of Standard Chartered Bank Building rented for HKD 80 psf
April 19, 2018 - CentralThe Standard Chartered Bank rented the entire 9/F, Standard Chartered Bank Building, Central, with an area of around 7,500 sq ft, and has decided to move out and put it up for lease earlier.
Li Ka-Shing sells Hong Kong office tower for $5.2 Billion
November 02, 2017 - CentralLi Ka-shing's CK Asset Holdings has sold his interest in The Center, the fifth-tallest building in Hong Kong, for $5.2 billion.
Valuation of HKD 230 million for a Central property
March 01, 2017 - CentralThe 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.
4/F of China Insurance Group Building sold at HKD 175 million
February 23, 2017 - CentralThe 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.
Bank of America Tower in Central broke record at HKD 35,000 psf
December 23, 2016 - CentralAccording to market news, Unit 19, Mid-Floor, Bank of America Tower, Central, with an area of 674 sq ft, has been transacted at HKD 23.59 million, or HKD 35,000 per sq ft.
Abercrombie & Fitch to close Central flagship store
November 25, 2016 - CentralAmerican chain Abercrombie & Fitch has decided to close its flagship store in Central in July - despite incurring a break-lease cost of HK$125 million.