Luxury Real Estate Blog and News
Lee Shau Kee, the city’s second-richest man, announced his plans to step down as chairman of Henderson Land Development Co. Tuesday.
Henderson Land Development has agreed to pay a land premium of HKD 2.218 billion, or HKD 6,728 per sq ft of GFA, for the change of land use right of the ex-Asia Cold Storage site on King Wah Road.
Mid Levels Western
Negative news about Hong Kong’s housing sector continues to abound, with a buyer walking away from closing a purchase at the 39 Conduit Road luxury development in Western Mid-Levels.
A plot of luxury Hong Kong land went for a record price at auction Tuesday, defying an effort by the government to temper the top end of the real-estate market.