Aerial view of the land plot atop the West Kowloon high-speed rail station, at the corner of Austin Road and Chatham Road in West Kowloon on November 22, 2019. Photo: Winson Wong.

Sun Hung Kai pays a record HK$42.23 billion for Austin Road commercial plot in Hong Kong’s costliest land tender

  • The parcel is located at Austin Road atop the West Kowloon High-Speed Rail station
  • The winner beat CK Asset Holdings, a consortium comprising Wharf Holdings, Sino Land, Henderson Land Development, Chinese Estate Holdings and Lifestyle International Holdings
Topic |   Hong Kong property

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Aerial view of the land plot atop the West Kowloon high-speed rail station, at the corner of Austin Road and Chatham Road in West Kowloon on November 22, 2019. Photo: Winson Wong.
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A 792 square feet flat at City Garden in North Point sold for HK$12.28 million last week, 5.5 per cent lower than the banks’ valuation of about HK$13 million. Photo: May Tse

Hong Kong property prices expected to slide further as fears of protests remain despite pan-democrats’ thumping election win

  • Property owners continue to reduce prices to fund their emigration plans
  • A survey conducted by University of Hong Kong shows more than half of the respondents expect property prices to fall further
Topic |   Hong Kong property

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A 792 square feet flat at City Garden in North Point sold for HK$12.28 million last week, 5.5 per cent lower than the banks’ valuation of about HK$13 million. Photo: May Tse
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