Luxury Real Estate Blog and News

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.

3-room unit of Realty Gardens appreciated 2 times in 22 years

May 03, 2018 - Mid Levels Western
A 3-room unit at Flat B, High-Floor, Venice Court, Realty Gardens, Mid-Levels West, with a saleable area of 1,166 sq ft, has been changed hand together with a parking space at HKD 24.3 million.

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.

1,052-sq-ft unit in Sorrento, Kowloon Station sold for HKD 22,148 psf

January 31, 2018 - Kowloon Station
Flat D, Low-Floor, Tower 2, Sorrento, Kowloon Station, with a saleable area of 1,052 sq ft, has been changed hand for HKD 23.3 million, or HKD 22,148 per sq ft.

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.

Headland Road villa sold at HKD 630 million

October 27, 2017 - Repulse Bay
A “4-mortgage” villa at 12 Headland Road, Southern District, with a saleable area of 7,891 sq ft and a 5,000-sq-ft garden, has been sold through company transfer which can save much stamp duty.

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.

1-room unit at Brilliant Court rented for HKD 55 psf

September 15, 2017 - Wan Chai
Brilliant Court in Wan Chai recorded 1 lease in December so far. Leasing is rare in the building, with just only around 2 units.

Profit of HKD 12.8 m by holding Residence Bel-Air for 6.5 years

August 21, 2017 - Cyberport
A residential unit with sea view and 1,365 sq ft of saleable area, Flat A, Mid-Floor, Block 6, Phase 2, Residence Bel-Air with parking space was changed hand at HKD 35.6 million.

HKD 104,000 psf for Mount Nicholson, reached a new high in Asia

August 18, 2017 - The Peak
Phase 2 of Mount Nicholson, The Peak sold 4 units last week, received over HKD 1.5 billion, in which units 16A & 16B were sold together with one agreement for HKD 912 million.