Singapore 

British billionaire Dyson snaps up Singapore’s priciest penthouse for $73.8m, Singapore News

SINGAPORE – British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car. The three-storey “super penthouse” at the top of Singapore’s tallest building sold for $73.8 million, according to media reports. Accessed by its own lift, the downtown apartment once valued at S$100 million has five bedrooms, a 600-bottle wine cellar, pool, jacuzzi, and a private garden with city views that include the Marina Bay Sands hotel, marketing documents show. Dyson, 72…

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Home 

British billionaire James Dyson buys Singapore’s priciest penthouse for a reported US$54 million

British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought Singapore’s most expensive penthouse, official records show.The three-storey penthouse, once valued at S$100 million (US$73.4 million), sits on the 62nd, 63rd and 64th floors, and is equipped with a private pool. It is located in the heart of the city’s financial district.Dyson, a Brexit supporter, announced in January he was moving his head office from Britain to Singapore to be closer to its fastest-growing… Source link

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Property 

Wheelock gets second time lucky, finds buyer for house in Asia’s priciest address after offering extra sweeteners

The developers of Mount Nicholson, Asia’s priciest address, have found a new buyer for a 7,978 square feet villa, four months after the previous buyer reneged on a deal.On Monday, Wheelock Properties sold House 16 at the ultra exclusive development on The Peak for HK$720 million (US$91.74 million), or HK$90,248 per square foot. It was also HK$1.88 million, or 0.3 per cent, cheaper than the cancelled sale.Wheelock did not identify the buyer.The new deal allows for the transaction to be completed… Source link

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Consortium of three developers wins bid for priciest land plot in Lohas Park, signalling bullishness on outlook

A consortium made up of Sino Land Company, K. Wah International Holdings and China Merchants Land beat out 10 rival bids to win the latest phase of the Lohas Park development, the project that could fetch the highest new flat prices in the community, the MTR Corp said on Thursday.“The winning developers have great experience in residential property development and sales,” said Thomas Lam, executive director of Knight Frank. “In the long term, the supply of residential land at MTR stations is… Source link

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MTR draws 11 bids for the priciest land plot in Lohas Park as the return of Hong Kong’s property market bull run lifts confidence

Lohas Park has drawn 11 bids for the latest phase of its residential development in the New Territories, as developers vie for the land parcel near the sole shopping centre in Hong Kong’s largest residential community.Eleven bids were submitted for the plot, which can accommodate up to 1,850 homes on 950,000 square feet (88,200 square metres) of gross floor area. That translates into more than one fifth of the 8,800 private flats expected to be built on the 15 private residential sites to be… Source link

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Hong Kong’s paper tycoon Raymond Lee buys Repulse Bay property for HK$1.45 billion, in city’s priciest sale this year

Raymond Lee Man Chun, a veteran real estate investor and co-founder of Hong Kong’s largest paper producer Lee & Man Paper Manufacturing, is believed to be the owner of the most expensive property sold this year in the city.Lee and his wife Wong Man Yi are directors of a privately owned company called Winner Progress Limited, which paid HK$1.45 billion (US$185 million) to buy 8 Headland Road in Repulse Bay from the American International Assurance Company (AIA), according to Hong Kong’s company… Source link

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New World Development takes Hong Kong lifestyle to another level, set to launch priciest serviced apartments

New World Development is set to displace Four Seasons Place as the operator of Hong Kong’s most expensive serviced apartments.Agents say NWD plans to offer leases at its K11 Artus serviced apartment development, part of the US$2.6 billion Victoria Dockside project in Tsim Sha Tsui, for a third more than what luxury hotel operator Four Seasons Place Hong Kong charges for its serviced suites in the IFC complex in Central.The Hong Kong builder will offer leases for as much as HK$167 per square… Source link

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Property 

Actress Shu Qi sells Hong Kong villa at a loss as world’s priciest property market starts to cool

The signs of a property market slow down are here. Shu Qi, one of the highest paid actresses in China, got off lightly with a marginal loss on her Tai Po property sale on Sunday, according to market observers as they expect home prices to fall over the next 12 months amid concerns of a deteriorating trade war and rising interest rates. The Taiwanese-Hong Kong actress and model sold a 1,606 square feet villa at The Beverly Hills development for HK$17.6 million (US$2.2 million), down HK$2.4 million from her initial…

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Property 

Hong Kong home prices drop – ending bull run of 28 months as world’s priciest market reaches tipping point

Hong Kong’s prices of lived-in homes fell in August, marking their first decline since March 2016, as the US-China trade war, accelerated launches of new flats, and higher mortgage rates pushed the world’s most expensive residential property market to a tipping point. The city’s Rating and Valuation Index, which tracks the prices of used homes, dropped by 0.6 point to 393.9 last month, from 394.2 a month earlier, according to data by the Rating and Valuation Department. That ended a 28-month property bull run, where a decade of cheap money…

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Property 

Flat sale results in Hong Kong offer proof that world’s priciest housing market is cooling off

Home buyers in Hong Kong bought just over half of the flats offered by a major Chinese developer at a new site in the city on Saturday despite incentives, in another sign the world’s most expensive property market is cooling off. Sales agents described the outcome –181 of 310 flats sold – as much worse than expected, despite discounted mortgage rates and cash rebates meant to entice at the launch of Le Pont, a six-tower residential project located in Tuen Mun in the northwestern New Territories. Vanke Property (Hong Kong),…

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