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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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Patong Hotel Conversion For Banyan Tree’s New HOMM Brand

Category: Hotels, Posted:12 Jan 2022 | 08:00 am The 71-room Bliss hotel in Patong, Phuket has been converted to Banyan Tree’s HOMM brand. Banyan Tree is looking to fast-track expansion with three new brands a key strategy of conversions of existing hotels. The HOMM Bliss Southbeach Patong is the debut for the lifestyle-focused HOMM. Expect more announcements shortly on new Banyan Tree brands […]
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Three More Thailand Sandboxes Join Phuket On Tuesday

Category: Tourism, Posted:09 Jan 2022 | 20:33 pm The Thai government has added three more  Sandbox destinations along with Phuket for vaccinated international travelers. Effective on Tuesday 11th January 2022, Phang Nga (including Khao Lak), Krabi, and Surat Thai (Koh Samui, Koh Pha-ngan, and Ko Tao) will be open to Sandbox visitors. The current Sandbox restrictions mean a minimum of seven-night stays in […]
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Choice Brand For New Phuket Hotel

Category: Hotels, Posted:30 Dec 2021 | 09:37 am The new upscale Quality Resort and Spa Patong will open in early 2022. Quality is a brand under Choice Hotels International, and the property is operated under a master-franchise agreement with a third-party management group La Vie Hotels & Resorts. La Vie currently operates a number of hotels across Asia Pacific. With 88-rooms, the Quality […]