A rare residential site on Hong Kong’s prestigious Victoria Peak fetched 1.33 billion US dollars at auction Wednesday, boosting one of the world’s most dizzying luxury property markets.
The plot of land at 103 Mount Nicholson Road, which offers a panoramic view of Hong Kong’s world-famous Victoria Harbour, was snapped up by Nan Fung Group after attracting nearly 50 bids at this year’s fourth government land sale.
The 10.4 billion Hong Kong dollar price was 30% higher than the opening bid and at the higher end of the 8.1-11.5 billion dollars forecast by a market-watchers.
With the floor area of the planned property projected at 324,862 square feet (30,181 square metres), the price works out at 32,014 US dollars a square foot.
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Anakin in
Events on 29th July 2010 |
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Mercedes-Benz Hong Kong have launched their flagship sports car SLS AMG in the city, making Hong Kong one of the first Asian markets to get the Gullwing super sports car within the first few weeks of its production.
The car is the first Mercedes automobile designed in-house by AMG and is described by Mercedes as a spiritual successor to the 300SL Gullwing.
In celebration of the launch of their new car, Mercedes-Benz Hong Kong held a ceremony on July 16th at the Hong Kong Convention and Exhibition Centre.
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Anakin in
Auctions on 28th July 2010 |
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International stamp collectors are all aflutter this week as Hong Kong prepares to host an auction of rare Chinese stamps including a copy of the fabled “1897 Red Revenue” — known as the most valuable Chinese stamp there is.
Hosted by Interasia Auctions, the sale will feature 2,200 lots representing the stamp and postal history of China, Hong Kong and Asia and will be held on July 31-August 1 at the Park Lane Hotel in Hong Kong.
International collectors will be able to bid online for such items as the 1897 Red Revenue Small 2c Green Surcharge which is known as the “The Red Lady in the Green Dress” and could sell for as much as HK$10 million ($1,300,000).
Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub.
The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire Nina Wang last year enthralled Hong Kong with its brew of sex, money and power.
But Wang’s death in 2007 and the hospitalisation last year of casino tycoon Stanley Ho were a stark reminder that some of Hong Kong’s 40 richest tycoons — synonymous with its post-war economic success — are in their twilight years.
They will leave behind eye-popping fortunes worth more than 130 billion US dollars and vast business empires that control everything from supermarkets and property development to ports and telecoms.
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Anakin in
Automobile on 2nd July 2010 |
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In order to celebrate The Centurion’s 10th anniversary American Express revealed a special Porsche 911 Carrera S Centurion Edition in Hong Kong.
The sports car is exclusive to American Express Centurion members and card holders.
From now until July 31, 2010, Centurion members in Hong Kong can place their order for the Porsche 911 Carrera S Centurion Edition.
Only three of its kind will be available. Each Porsche 997 Carrera S is priced at around HK $ 2 million ($ 256,000 or € 210,000).
Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way.
The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and consultancy firm Capgemini.
The world’s population of HNWIs returned to 10 million in 2009, with the largest concentrations still found in the United States, Japan and Germany.
“The Asia-Pacific HNWI population rose 25.8 percent overall to three million, catching up with Europe for the first time, after falling 14.2 percent in 2008″.
