{"id":117364,"date":"2020-06-26T06:00:23","date_gmt":"2020-06-25T23:00:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-rare-999-year-leasehold-in-worlds-costliest-city-makes-us-government-one-of-hong-kongs-biggest-foreign-real-estate-owners\/"},"modified":"2020-06-26T07:04:01","modified_gmt":"2020-06-26T00:04:01","slug":"a-rare-999-year-leasehold-in-worlds-costliest-city-makes-us-government-one-of-hong-kongs-biggest-foreign-real-estate-owners","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-rare-999-year-leasehold-in-worlds-costliest-city-makes-us-government-one-of-hong-kongs-biggest-foreign-real-estate-owners\/","title":{"rendered":"A rare 999-year leasehold in world\u2019s costliest city makes US government one of Hong Kong\u2019s biggest foreign real estate owners"},"content":{"rendered":"


\nIn April 1999, less than two years after Hong Kong returned to Chinese sovereignty, an unusual real estate deal was signed between the city\u2019s administration under then Chief Executive Tung Chee-hwa and the US government.The contract extended the 75-year leasehold land at 26 Garden Road in Central \u2013 provided in 1950 by the former British colonial government to the United States as the American Consulate General\u2019s office in the city \u2013 into a 999-year lease for a lump sum of HK$44 million,\u2026
\n
\nSource : South China Morning Post
\nRead more…A rare 999-year leasehold in world\u2019s costliest city makes US government one of Hong Kong\u2019s biggest foreign real estate owners<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In April 1999, less than two years after Hong Kong returned to Chinese sovereignty, an...<\/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-117364","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-uwY","jetpack-related-posts":[{"id":122290,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-999-year-leasehold-hillview-terrace-site-for-sale-106mil-indicative-price\/","url_meta":{"origin":117364,"position":0},"title":"Rare 999-year leasehold Hillview Terrace site for sale, $106mil indicative price","date":"September 30, 2021","format":false,"excerpt":"\r Rare 999-year leasehold Hillview Terrace site for sale, $106mil indicative priceA 999-year leasehold residential redevelopment site at 32-38D Hillview Terrace is jointly put up for sale by their owners with an indicative price of $106 million, revealed marketing agent Colliers International. Zoned for Residential use under the 2019 Master\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/hillview-terrace-news-.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120497,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-residential-site-in-kovan-on-sale-for-18-million\/","url_meta":{"origin":117364,"position":1},"title":"999-year leasehold residential site in Kovan on sale for $18 million","date":"February 19, 2021","format":false,"excerpt":"\r 999-year leasehold residential site in Kovan on sale for $18 millionLocated within the mature Kovan estate, the 1,955.2 sq m (21,046 sq ft) site is zoned for residential use under the\u00a02019 Master Plan\u00a0with a plot ratio of 1.4 and is held by a single owner. Image: Edmund Tie A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/48-Hillside-Drive1774.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112674,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-hung-kai-pays-a-record-hk42-2-billion-for-austin-road-commercial-plot-in-hong-kongs-costliest-land-tender\/","url_meta":{"origin":117364,"position":2},"title":"Sun Hung Kai pays a record HK$42.2 billion for Austin Road commercial plot in Hong Kong\u2019s costliest land tender","date":"November 27, 2019","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer by value, has won the biggest commercial parcel ever sold in the city for a record HK$42.2 billion (US$5.4 billion).The winner beat CK Asset Holdings, a consortium comprising Wharf Holdings, Sino Land, Henderson Land Development, Chinese Estate Holdings and Lifestyle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115188,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement\/","url_meta":{"origin":117364,"position":3},"title":"World\u2019s costliest offices are poised to enter tenants\u2019 market as Hong Kong businesses reel from coronavirus, protest movement","date":"March 27, 2020","format":false,"excerpt":"\r Hong Kong\u2019s notoriously pricey office rental sector is fast becoming a tenants\u2019 market as last year\u2019s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81209,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-center-is-back-in-hong-kong-hands-as-mainland-firm-pulls-out-of-buying-worlds-costliest-tower\/","url_meta":{"origin":117364,"position":4},"title":"The Center is back in Hong Kong hands as mainland firm pulls out of buying world\u2019s costliest tower","date":"February 27, 2018","format":false,"excerpt":"\r Two Hong Kong-based tycoons have emerged to replace a mainland Chinese shareholder in the consortium that bought Li Ka-shing\u2019s The Center tower, barely three months after the C.H.M.T Peaceful Development Asia Property group hogged the media spotlight as owners of the world\u2019s priciest office building. Pollyanna Chu, Hong Kong\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":143336,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/999-year-leasehold-condo-jansen-house-show-flat-opens-on-20-april-2024\/","url_meta":{"origin":117364,"position":5},"title":"999-year Leasehold Condo Jansen House Show Flat Opens on 20 April 2024","date":"April 5, 2024","format":false,"excerpt":"\r 999-year Leasehold Condo Jansen House Show Flat Opens on 20 April 2024The show flat for Jansen House, a 999-year leasehold condo developed by Macly Group, will open on\u00a020 April 2024, 11am to 7pm. 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