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Five Bedroom Hong Kong Flat Sells for THB 1.8 Billion

Category: Real estate, Posted:17 Oct 2009 | 10:33 am

A new record in the robust Hong Kong housing market has been set as a 5 bedroom 572 square meter Mid-Levels flat has sold for approximately THB1.8 billion. This equates to just over THB 3.2 million per square meter, which when you consider that the high end luxury villas here sell for THB 150,000-250,000 and premium Bangkok units in the region of THB 250,000 the number is astonishing. The Hong Kong press has reported that Chief Executive Donald Tsang has warned of a possible property bubble which is being fueled by Mainland Chinese buyers. So next time someone says property is expensive just have a reality check in Hong Kong.

Other News

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Phuket Airlift To Koh Samui Is Back

Category: Tourism, Posted:23 Oct 2020 | 16:26 pm Bangkok Airways has announced the return of flights between Phuket and Koh Samui. According to the Phuket News service commences Sunday, October 25th leaving Phuket at 12:20 pm and arriving in Samui at 1:15 pm. There will also be a resumption of flights between Phuket and Hat Yai between Phuket and U-Tapao (Pattaya). The return […]
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Khao Lak Hotel Supply Continues To Expand

Category: Hotels, Posted:22 Oct 2020 | 06:00 am Despite the downturn of Covid-19, hotel investment confidence in Khao Lak remains positive in the long term. One sign of this is a newbuild Pullman-branded Khao Lak Resort Is set to open on 1st December. The 253-key beachfront hotel and villa property features a design by Martin Palleros of Tierra Design.  Palleros is the architect […]
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Minor’s Bill Heinecke Speaks Out About Chinese Return

Category: Hotels, Posted:21 Oct 2020 | 11:40 am We had a candid conversation a few days ago with Minor International’s Founder and Chairman Bill Heinecke about Thai tourism. Two key takeaways from the conversation were: The Asian financial crisis of 1997 was a walk in the park compared to the damage to the Thai economy during Covid-19. Thailand must find a way to […]