Property News · October 25, 2016

Luxury flat at 39 Conduit Road withdrawn from sale after bids fail to meet reserve price


The distressed flat at the luxury 39 Conduit Road luxury development in Mid-Levels has been withdrawn from auction on Tuesday after bids fell short of the reserve price, the auctioneer said.
The 2,355 square foot Unit A on the 39th floor received an opening bid of HK$105 million, about 22 per cent lower than what the buyer paid in 2014.
A second bidder for the luxury apartment offered HK$108 million, or HK$45,860 per square foot.
Auctioneer Tsang Kit-chun, who is also the managing director at…

Source : South China Morning Post
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