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.
Causeway Bay Shop Sold at 73% Loss
August 05, 2020 - Causeway BayHong Kong’s retail property market is bracing for turbulent times as a street front shop in the world’s most expensive shopping district was sold at a 73% loss.
Hongkong Land pays record price for Shanghai site
February 21, 2020 - XuhuiHongkong Land Holdings Limited has agreed to pay a record RMB 31.05 billion ($4.48 billion) for a development site in Shanghai’s Xuhui district.
A $134 Million Building in Zurich Has Sold Via Cryptocurrency
January 24, 2020 - ZurichCryptocurrency investors can now have a piece of the prestigious real estate pie, with one of Zurich’s multimillion-dollar buildings sold using digital tokens to seal the deal.
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.
McDonald's Puts Kowloon Shop on the Market for HK$1 billion
May 28, 2019 - Tsim Sha TsuiThe US fast food giant McDonald’s is seeking to sell a prime street level shop in Hong Kong worth HK$1 billion (US$127.4 million)
London remains top global destination for real estate investment
February 18, 2019 - LondonAccording to Knight Frank's London Report, London retained its title as the world's top destination for investment in commercial real estate in 2018.
Forever 21 to Shut Flagship Hong Kong Store
May 14, 2018 - Hong Kong IslandForever 21 is retreating from its Causeway Bay flagship store next August after its lease ends, with American lingerie chain Victoria's Secret rumored to be taking over the prime location.
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.
King Power to buy MahaNakhon in Bangkok
April 17, 2018 - Sathon DistrictThailand’s luxury property builder Pace Development sold key parts of Bangkok’s tallest skyscraper MahaNakhon Tower to domestic duty free retail company King Power.