Luxury Real Estate Blog and News
Development firms in Hong Kong are seeking to unload their recent land purchases quicker, signifying that home price growth could slow down.
Flat D, Low-Floor, Tower 2, Sorrento, Kowloon Station, with a saleable area of 1,052 sq ft, has been changed hand for HKD 23.3 million, or HKD 22,148 per sq ft.
The shop will be rented by Victoria’s Secret for a monthly rent said to be HKD 7 million, dropped by almost half compared with Forever 21’s current rent.
Two apartment units at Mount Nicholson just sold for a combined HK$1.16 billion, making them Asia’s most expensive residences in square footage terms.
Li Ka-shing's CK Asset Holdings has sold his interest in The Center, the fifth-tallest building in Hong Kong, for $5.2 billion.
A super small shop at G/F, 15-27 Cannon Street, Causeway Bay, with a gross area of about 256 sq ft, was sold at HKD 49 million, or HKD 191,400 per sq ft on November 10.
Brilliant Court in Wan Chai recorded 1 lease in December so far. Leasing is rare in the building, with just only around 2 units.