Luxury Real Estate Blog and News
The US government has sold a set of consular residences in Hong Kong’s southern District to Hang Lung Properties for HK$2.6 billion ($331 million).
Hong Kong Island
The sales of luxury homes in Hong Kong plunged to a three-year low in the first 6 months of 2020.
The US government has engaged CBRE as the sales agent to invite for bids for a cluster of exclusive homes at 37 Shouson Hill Road, valued at between HK$3.1 billion and up to HK$5 billion.
Mainland Chinese investors and property owners are cashing in on their Hong Kong real-estate holdings, as appetite for outbound investment evaporates in China.
Hong Kong’s home prices are no longer among the fastest growing on the planet according to a new report by Shanghai-based Hurun.
Investment 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.