Property News · June 24, 2020

Taiwanese actress crashes rents in Mid-Levels. Is Hong Kong’s luxury property set for a historic rout?


Is Hong Kong’s luxury residential market set for a historic rout in the months ahead?Last week, a 5,630 sq ft duplex unit on the 50th and 51st floor of Arezzo development at 33 Seymour Road in Mid-Levels was leased for a monthly rent of HK$100,000, according to the city’s Land Registry. The HK$17.80 per square foot price tag is half the average rate on small and medium-sized homes in the city tracked by Midland Realty.The eye-catching transaction in the property owned by Taiwanese actress Wu…

Source : South China Morning Post
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