Luxury Real Estate Blog and News
A Tencent executive has paid HK$270 million for a massive duplex in the prestigious neighbourhood of Repulse Bay.
Amid market uncertainty and sliding property values, Hong Kong is putting up for sale an iconic commercial site in the city’s busiest district.
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.
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.
Hong 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.