Luxury Real Estate Blog and News

Hongkong Land pays record price for Shanghai site

February 21, 2020 - Xuhui
Hongkong 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 - Zurich
Cryptocurrency 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 - Central
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.

McDonald's Puts Kowloon Shop on the Market for HK$1 billion

May 28, 2019 - Tsim Sha Tsui
The 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 - London
According 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 Island
Forever 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 - Central
The 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 District
Thailand’s luxury property builder Pace Development sold key parts of Bangkok’s tallest skyscraper MahaNakhon Tower to domestic duty free retail company King Power.

Victoria's Secret to takeover Forever 21's HK flagship spot

January 26, 2018 - Causeway Bay
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.

Super small shop in Cannon Street sold for HKD 49 million

October 02, 2017 - Causeway Bay
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.