Hong Kong house sells for $153 million, the most this year

27/6/2022 6:20:00 AM

Hong Kong house sells for $153 million, the most this year

https://str.sg/wLNuHONG KONG (BLOOMBERG) - A new house in Hong Kong was sold for HK$870 million (S$153.56 million), the highest price this year, buoying the city's slowing luxury market.Co-developers Emperor International Holdings Ltd, C C Land Holdings Ltd, Mingfa Group International Co and CSI Properties Ltd sold the six-bedroom home in new project No. 15 Shouson in Shouson Hill via tender on Sunday (June 26), according to a statement by the companies. The companies didn't identify the buyer.

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straits_times Anyone willing to tell the buyer this is NOT a house but an apartment (penthouse)?

Hong Kong police adopt 'goose step' marching to boost patriotism

China's Xi to visit Hong Kong for 25th anniversary of handoverSHANGHAI/HONG KONG - Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the city's handover to mainland China, state news agency Xinhua reported on Saturday. The trip will be Xi's first known visit outside mainland China since January 2020 after the Covid-19 outbreak. He will also attend the inaugural ceremony of the sixth-term government of Hong...

Maggie Cheung, 57, makes surprise appearance as DJ at Gucci event in Hong KongIcon.

Cooking up a storm: Immigrant who swam to Hong Kong, dropped out of school to work becomes top chefNot long after Wan Tat-kong swam from mainland China to Hong Kong as an illegal immigrant in the early 1960s, he had to quit studying and worked in a restaurant at the age of 13 to help his family make ends meet. “My family was not wealthy when I was a child. I joined the industry because we needed food...

No insurance payout for Hong Kong's Jumbo Floating Restaurant, says parent companySINGAPORE: The parent company of Hong Kong's Jumbo Floating Restaurant will not receive any insurance payout for the loss of the vessel, it said in a statement on Sunday (Jun 26). 'The vessel is covered by a 'Protection and Indemnity Cover for Third Parties Liability' in accordance with maritime regu

China's Xi to visit Hong Kong for 25th anniversary of handoverSHANGHAI/HONG KONG - Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the city's handover to mainland China, state news agency Xinhua reported on Saturday. The trip will be Xi's first known visit outside mainland China since January 2020 after the Covid-19 outbreak. He will also attend the inaugural ceremony of the sixth-term government of Hong...

Copy to clipboard https://str.the"goose step" used in mainland China on July 1 to promote patriotism.June 25, 2022 published at 7:08 AM Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, March 11, 2022.Former actress Maggie Cheung appeared at an event in Gucci's flagship store in Hong Kong recently.

sg/wLNu HONG KONG (BLOOMBERG) - A new house in Hong Kong was sold for HK$870 million (S$153.56 million), the highest price this year, buoying the city's slowing luxury market. Last year, China's People's Liberation Army trained Hong Kong police cadets on the goose-step style, whereby soldiers conduct foot drills without bending their knees. Co-developers Emperor International Holdings Ltd, C C Land Holdings Ltd, Mingfa Group International Co and CSI Properties Ltd sold the six-bedroom home in new project No. He will also attend the inaugural ceremony of the sixth-term government of Hong Kong, Xinhua added. 15 Shouson in Shouson Hill via tender on Sunday (June 26), according to a statement by the companies. The official switch will take place on the city's 25th anniversary of Chinese rule, a crucial political event that President Xi Jinping is widely expected to attend in his first trip out of the mainland since January 2020. The companies didn't identify the buyer. In his Instagram post, Kwok revealed that the event celebrated the reopening of the flagship store after a renovation.

The house, spanning 8,032sq ft (746sq m) of floor area, has a private garden, swimming pool and parking space. Britain has accused China of violating that agreement in recent years after Beijing imposed a national security law on the city that's been used to crack down on dissent and purge the democratic opposition. Uncertainties over whether Xi would visit the former British colony grew in the past weeks as new Covid-19 infections increased in the city, with two incoming senior officials among the latest cases. Located on the southern side of Hong Kong Island, Shouson Hill is one of the city's most exclusive neighbourhoods where some of the richest tycoons including Mr Li Ka-Shing own properties. The price represents the most expensive home transaction in Hong Kong this year, according to Mr Louis Ho, principal sales director at Centaline Property Agency Ltd. Earlier this month, it emerged that new school textbooks in Hong Kong would teach students the city was never a colony, saying the Chinese government never recognised the 19th-century treaties that handed Britain control of Hong Kong. Transaction volumes for secondary luxury homes in upscale neighbourhoods in the Peak and Southern District dropped 58 per cent in the first half from a year earlier, data from Centaline show. A former top policeman turned civil servant, Lee has pledged to maintain a firm grip on the city under the security law, in line with China's sovereign interests. Social distancing measures taken during the city's worst Covid-19 outbreak and a lack of mainland Chinese capital hindered the market, Mr Ho said in a separate statement.

Meanwhile, global luxury real estate demand remains high even as rising interest rates strain broader housing markets. Earlier this month, billionaire Larry Ellison bought a US$173 million (S$239.71 million) oceanfront estate in Palm Beach County, setting a record for the most expensive residential sale in Florida. More On This Topic .