{"id":104153,"date":"2019-02-19T14:16:45","date_gmt":"2019-02-19T07:16:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-regulator-begins-an-unusual-savings-plan-to-raise-hk1-billion-to-afford-owning-an-office-in-the-worlds-costliest-city\/"},"modified":"2019-02-19T15:05:56","modified_gmt":"2019-02-19T08:05:56","slug":"hong-kong-regulator-begins-an-unusual-savings-plan-to-raise-hk1-billion-to-afford-owning-an-office-in-the-worlds-costliest-city","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-regulator-begins-an-unusual-savings-plan-to-raise-hk1-billion-to-afford-owning-an-office-in-the-worlds-costliest-city\/","title":{"rendered":"Hong Kong regulator begins an unusual savings plan to raise HK$1 billion to afford owning an office in the world\u2019s costliest city"},"content":{"rendered":"


\nHong Kong\u2019s securities regulator has revealed an unusual savings plan, aiming to raise up to HK$8 billion (US$1.02 billion) over eight years to afford owning its own office in the world\u2019s most expensive city.The watchdog, which will relocate its premises to Swire Properties\u2019 One Island East tower in Quarry Bay when its Cheung Kong Center lease in Central expires next year, has found that its HK$3 billion budget was insufficient to buy an 180,000-square foot (16,700 square metres) office to\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong regulator begins an unusual savings plan to raise HK billion to afford owning an office in the world\u2019s costliest city<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s securities regulator has revealed an unusual savings plan, aiming to raise up to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-104153","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-r5T","jetpack-related-posts":[{"id":87000,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heres-how-10-buyers-went-around-their-banks-and-ended-up-owning-the-worlds-costliest-tower\/","url_meta":{"origin":104153,"position":0},"title":"Here\u2019s how 10 buyers went around their banks and ended up owning the world\u2019s costliest tower","date":"May 3, 2018","format":false,"excerpt":"\r A consortium of property investors led by two Hong Kong tycoons yesterday closed their HK$40.2 billion (US$5.15 billion) takeover of Li Ka-shing\u2019s The Center building, in an innovative bit of financial engineering that required them to put up capital equivalent to 20 per cent of their purchase. The C.H.M.T\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124028,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifestyles-of-the-ultra-wealthy-2-hong-kong-addresses-commanded-the-citys-5-costliest-homes-in-2021\/","url_meta":{"origin":104153,"position":1},"title":"Lifestyles of the ultra wealthy: 2 Hong Kong addresses commanded the city\u2019s 5 costliest homes in 2021","date":"December 31, 2021","format":false,"excerpt":"\r Hong Kong saw the record for per square foot prices of luxury homes being set a couple of times in 2021.Most of these transactions were concentrated in two areas: Mount Nicholson on The Peak and 21 Borrett Road in Mid-Levels.Nan Fung Development and The Wharf (Holdings) paid HK$10.4 billion\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54983,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-buys-worlds-costliest-commercial-land-plot-at-murray-road-in-hong-kong\/","url_meta":{"origin":104153,"position":2},"title":"Henderson buys world\u2019s costliest commercial land plot at Murray Road in Hong Kong","date":"May 16, 2017","format":false,"excerpt":"\r Henderson Land Development Co., the property company owned by one of Hong Kong\u2019s wealthiest families, has bought what\u2019s quite possibly the world\u2019s most expensive plot of commercial land in downtown Central. Henderson will pay a record HK$23.28 billion (US$3 billion) for the government\u2019s Murray Road commercial plot in Central,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58088,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/iphones-biggest-screen-maker-seeks-to-raise-hk10-billion-in-hong-kong-ipo\/","url_meta":{"origin":104153,"position":3},"title":"iPhone\u2019s biggest screen maker seeks to raise HK$10 billion in Hong Kong IPO","date":"June 16, 2017","format":false,"excerpt":"\r Every swipe on a smartphone brings a smile to Yeung Kin-Man\u2019s face. The founder of Biel Crystal Manufactory Ltd. is the world\u2019s largest producer of cover glass, used in two of every three of Apple\u2019s iPhones sold in the world. Yeung plans to sell Biel\u2019s shares on the Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":83207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-in-four-hongkongers-cant-ever-afford-a-home-as-a-micro-flat-sells-for-another-record-price\/","url_meta":{"origin":104153,"position":4},"title":"One in four Hongkongers can\u2019t ever afford a home, as a micro flat sells for another record price","date":"March 20, 2018","format":false,"excerpt":"\r An apartment unit slightly bigger than a standard shipping container sold in Hong Kong for HK$7.86 million (US$1 million) this week, as a survey showed one in four residents in the world\u2019s most expensive city said they do not ever hope to afford owning a home in their lifetime.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105177,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-shares-title-of-worlds-costliest-city-with-hk-paris\/","url_meta":{"origin":104153,"position":5},"title":"Singapore shares title of world\u2019s costliest city with HK, Paris","date":"March 20, 2019","format":false,"excerpt":"\r The latest study by The Economist Intelligence Unit found that Singapore is seven percent costlier than New York.\u00a0 After spending five years at the top, Singapore now shares the title of most expensive city with Hong Kong and Paris, revealed The Economist Intelligence Unit\u2019s annual Worldwide Cost of Living\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104153"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=104153"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/104153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=104153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=104153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=104153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}