Luxury Real Estate Blog and News

2 whole floors of Far East sold for HKD 650 million

December 01, 2016 - Admiralty
The entire floors of 22/F and 32/F of Far East Financial Centre in Admiralty, with a total GFA of 21,352 sq ft, was recently sold for HKD 650 million to a consortium.

Burberry's giant shop at Silvercord gets 30% rent cut

November 30, 2016 - Tsim Sha Tsui
British brand Burberry currently rents Shop G4-G5, G/F, Shop 104-106, 1/F & Shop 207-209, 2/F, Silvercord, Tsim Sha Tsui, with a total area of 10,100 sq ft, for HKD 6.5 million per month.

Average rent of Causeway Bay ranks second around the globe

November 29, 2016 - Causeway Bay
According to market report, the average rent of Causeway Bay, which ranks the second worldwide, is HKD 1,871 per sq ft, dropped 15.5% y-o-y.

Villa on Blue Pool Road sold for HKD 300 million, paying HKD 90 million stamp duty

November 28, 2016 - Happy Valley
Villa 25A, 23-39 Blue Pool Road, Happy Valley, with an area of 4,571 sq ft, has been purchased by a company for HKD 301.8 million, or HKD 66,025 per sq ft.

Abercrombie & Fitch to close Central flagship store

November 25, 2016 - Central
American chain Abercrombie & Fitch has decided to close its flagship store in Central in July - despite incurring a break-lease cost of HK$125 million.

Unit at South Horizons sold for HKD 25,700 psf, record high

November 24, 2016 - Ap Lei Chau
A top-floor unit at Flats G, 40/F, Block 17, South Horizons, Ap Lei Chau, with a saleable area of 1,329 sq ft and a 452-sq-ft open area, was sold by auction yesterday.

Mainland buyer pays HKD 30 million stamp duty for purchase of Eden Gate

November 23, 2016 - Kowloon Tong
2 units at Flat B, Low-Floor, Block 1, Eden Gate, Kowloon Tong, both with an area of 1,464 sq ft, has been purchased by a mainland buyer for HKD 107 million.

Lease for Laforet large street shop renewed at 50% discount

November 22, 2016 - Causeway Bay
The chain jewellery shop, Chow Tai Fook, is currently renting a 7,009-sq-ft street shop in Laforet, Causeway Bay, with tenancy ending at the end of this month

2,554 cases of primary luxury for first 10 months

November 18, 2016 - Hong Kong
According to market report, 2,554 cases and a total consideration of HKD 73.412 billion for primary luxury with values over HKD 12 million were recorded in the first 10 months this year.

3-room unit at Hoi Shing Building rented for HKD 24,800

November 17, 2016 - North Point
A 3-room unit at Flat B, High-Floor, Hoi Shing Building, North Point, with a saleable area of 670 sq ft, has been rented with a monthly rent of HKD 24,800, or HKD 37 per sq ft per month.