Hong Kong's Sky-High Property Goes on Bargain Sale
Key Points
- Hong Kong office space prices are dropping, with recent sale...
Remember when Hong Kong's office spaces were so expensive that even your coffee machine needed a mortgage? Those days are fading faster than a banker's bonus hopes.
Going, Going, Gone... at 42% Off!
The 39th floor of Far East Finance Centre just sold for a measly HK$194.4 million (US$25 million). That's right - 'measly' in Hong Kong terms. At HK$18,000 per square foot, it's a whopping 42.2% cheaper than 2019's peak prices. Bobby Mak from CHFT Advisory and Appraisal confirms this isn't just a bad dream for property moguls.
Fire Sale: One Slightly Used Property Empire
Gale Well Group, appa...
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