Citibank (Hong Kong) has occupied the shop for years and bought it in December 2004 for HK$390 million. Photo: Shutterstock
Citibank (Hong Kong) has occupied the shop for years and bought it in December 2004 for HK$390 million. Photo: Shutterstock

Citibank posts US$41.1 million windfall from selling a Hong Kong outlet, in a sign that commercial property market is bottoming out

  • Bank sells Unit A on the ground floor of Wheelock House, bought 17 years ago in 2004, for HK$710 million
  • Price shows that prime retail is gradually bottoming out and recovering, says JLL executive

Topic |   Hong Kong property
Citibank (Hong Kong) has occupied the shop for years and bought it in December 2004 for HK$390 million. Photo: Shutterstock
Citibank (Hong Kong) has occupied the shop for years and bought it in December 2004 for HK$390 million. Photo: Shutterstock
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