The Center skyscraper sale was a Hong Kong blockbuster, now buyers struggle to cash out

Quick Summary:

Take a look inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man.

The Shenzhen-based home builder is seeking HK$500 million (US$64.3 million) for the asset, or HK$20,000 per square foot for the 24,900 sq ft space.

It is just one of the many machinations inside The Center, which was the world’s most expensive skyscraper when it was shrewdly sold by the city’s wealthiest man, Li Ka-shing, at a property market peak.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: City’s Kaisa Market Skyscraper Years Center Bought Property Million 30th Floor

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 10:00:14 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24572180

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