Brokers are testing the market to see if property buyers are willing to fork out a 50 per cent premium for office space at The Center, just a day after Hong Kong tycoon Li Ka-shing sold the city’s fifth-tallest tower in the world’s most expensive property transaction of a single building.
On Wednesday, the C.H.M.T Peaceful Development Asia Property consortium agreed to pay HK$40.2 billion (US$5.15 billion), or HK$33,000 per square foot, for the entire building. Each floor of the…
Source : South China Morning Post
Read more…Brokers test market appetite for 50pc resale premium, even before ink dries on The Center’s price tag
