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Kerry Properties
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  • A penthouse at Mont Verra in Kowloon Tong sold for HK$619 million (US$79.2 million), while a home at 8 Mount Nicholson Road on The Peak fetched HK$600 million
  • A total of 247 luxury units, comprising 55 houses and 192 flats, are likely to hit the market this year, according to CBRE
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Kuok Hui Kwong opened a Xiaohongshu account in October 2021, offering an insight into her life and thoughts. If there was one valuable lesson the Shangri-la heiress learned during the pandemic, it was the importance of telling a complete and authentic story to her audience.

Japanese furniture retailer Nitori Holdings, which opened its first outlet in Hong Kong on Wednesday, plans to gradually expand its footprint to 20 across the city in the coming years, according to a top executive.

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A 11,692 square-foot house in Kerry Properties’ Mont Verra project in Beacon Hill has been leased to a person with the same name as Huobi founder Li Lin, public record shows.

The site in Shanghai’s central Huangpu district is next to a parcel it acquired for US$1.86 billion in January last year and will form phase 2 of a larger project, Kerry says in exchange filing.

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The five-bedroom villa in Kerry Properties’ Mont Rouge development measures 7,171 sq ft and the transaction is likely to be exempt from stamp duty as the sale involves a government entity.

Swire beat out rivals such as CK Asset Holdings, Kerry Properties and Citic Pacific for land that could fetch HK$33,000 per square foot when construction is completed.

While long queues at shopping centres reflect a welcome return to business as usual in Shanghai, there is still a feeling trepidation because some Covid-19 control measures continue to be observed.

Areas to the east of the Huangpu River – including the Pudong New Area where about 5.7 million people live – come out of their lockdown on Thursday night. The second stage starts on Friday, and will see Puxi, to the west of the Huangpu River, shut down for four days.

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Property developers, who usually conduct their sales campaigns on weekends, have deferred the launch of new projects until the second quarter, when the current Covid-19 outbreak is expected to recede.

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Hong Kong developers are boosting their land holdings in China, taking advantage of weaker competition from their debt-stricken mainland rivals to pick up choice assets at auctions.

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Mansions at Mont Verra come with as many as five bedrooms and 10 bathrooms. They are also equipped with a banquet hall, entertainment room, theatre, library and gymnasium.

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More property buyers are rushing into the market to get ahead of rising prices and potentially higher mortgage rates as the local monetary authority is expected to raise interest rates in lockstep with the US Federal Reserve’s tapering policy.

More property buyers are rushing into the market to get ahead of rising prices and potentially higher mortgage rates as the local monetary authority is expected to raise interest rates in lockstep with the US Federal Reserve’s tapering policy.

The strong demand over the weekend offers a clear sign that Hong Kong’s residential property market is heading for a record in September, with the sales of newly completed homes expected to rise by 50 per cent from August to 1,800 units.

Wharf (Holdings) has agreed to pay a higher-than-expected HK$12 billion (US$1.5 billion) to become the owner of the first residential land parcel to be sold since 2010 in Hong Kong’s most exclusive housing enclave.

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Hong Kong’s beleaguered hotel industry is targeting the city’s nearly 2 million working women who had a disposable income of US$72 billion last year.

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Sun Hung Kai Properties filed an application with the Town Planning Board to add an extra 2,000 units in two residential projects in Yuen Long and Cheung Sha Wan.

Analysts say the surge has been fuelled by a land auction at the site of the city’s former airport which fetched HK$25.16 billion, a record price for a residential plot

Close to 300 flats lie disturbingly vacant in a completed new residential development in Ho Man Tin, even as the government struggles to address the short supply of housing in the world’s most expensive property market

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