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How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons

SCMP LogoSCMP15h ago

How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons - SCMP

Quick Summary:

Macau tycoon Stanley Ho’s family is selling a site in Tsim Sha Tsui, while actor Nicholas Tse’s shop in Central rented out at a big discount.

The most recent commercial en-bloc sale in Tsim Sha Tsui was that of The Popway Hotel, at No.117 Chatham Road South in June 2024, which was valued at HK$180 million or HK$7,331 per square foot.

He added that the price translated to an accommodation value of HK$5,200 per square foot.

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Article Details

Author / Journalist: Fan Chen

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-14 @ 08:30:08 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 192 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 26972951

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 13 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 3 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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The story "How Hong Kong’s property slump is affecting asset values owned by celebrities and tycoons" was covered 15 hours ago by SCMP, a news publisher based in Hong Kong.

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  • URL: https://chronographically.beamstart.com/news/how-hong-kongs-property-slump-17419123645862

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