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The Center Sale Loses $72M in 5 Years | HK Weekend Property Market Recap

Squarefoot 編輯部  2024-08-22  234

Valuations in the commercial property market have declined.

One notable example involved a transaction in The Center.

This was a unit on the 22nd floor, which recently sold for HK$42 million, or HK$13,000 per square foot.

Originally purchased by a factory owner from an investor in 2019 for over HK$100 million, this resale resulted in a loss of HK$72 million.

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