Luxury Hong Kong apartment sells for whopping $57 million amid talk of property bubbleOctober 14th, 2009 Hong Kong apartment sells for whopping $57 millionHONG KONG — It's a price tag that would make even New Yorkers and Londoners gasp — an outsized luxury apartment sold for nearly $57 million in Hong Kong Wednesday amid growing fears of a real estate bubble. The five-bedroom duplex suite with as much as 6,158 square feet was sold to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company.
Hong Kong graffiti sells for record $65,000 at auctionOctober 7th, 2009 HONG KONG - A piece of graffiti by Hong Kong's self-proclaimed "King of Kowloon" has sold for a record 500,000 Hong Kong dollars ($65,000), auction house Sotheby's confirmed Wednesday. The piece by the late Tsang Tsou-choi, featuring rows of Chinese calligraphy on canvas, attracted fierce bidding in Sotheby's Asian art auction Tuesday.
Chinese stamp sells for record $332,000September 18th, 2009 HONG KONG - A single Chinese stamp with a face value of 3 cents has sold for a world record $332,000 at a Hong Kong auction, a news report said Saturday. The 1897 Qing dynasty stamp was bought by a Beijing collector at an auction Friday and set a new world record for a single Chinese stamp, the South China Morning Post reported.
One-bedroom Hong Kong flat sells for record $3.16 mnSeptember 14th, 2009 HONG KONG - A one-bedroom flat in a luxury Hong Kong development has sold for a record $3.16 million in a sign that the city's property slump is over, a news report said Tuesday. The 75.8 square metre apartment in the city's Tsim Sha Tsui district has 54.8 square metres of useable living space -- once walls and partitions are discounted, the South China Morning Post reported.
Bank launches world's first $150 note in Hong KongSeptember 8th, 2009 HONG KONG - A bank Wednesday marked its 150th anniversary in Hong Kong by launching what it claimed to be the world's first 150-dollar bank notes. Standard Chartered Plc, one of three note-issuing banks in the wealthy city of seven million, has printed 1 million of the 150-Hong-Kong-dollar notes, worth $19.35 each.
11 injured in Hong Kong acid attackSeptember 7th, 2009 HONG KONG - Eleven people were injured when a man threw acid during an altercation Sunday in a bustling market district, the fourth such attack in Hong Kong this year. Local television reports said victims had to be carried on gurneys to ambulances, their heads covered in bandages.
Century-old tea on sale in Hong KongAugust 13th, 2009 HONG KONG - A 109-year-old tea has gone on sale at Hong Kong's first international tea fair, a media report said Thursday. Just 10 grams of the pu-erh tea, which takes its name from Pu'er county in Yunnan province in south-west China, costs 8,000 Hong Kong dollars ($1,025), the South China Morning Post newspaper said.
Goldman Sachs sells part of its stake in China bank ICBC for $1.9 billionJune 2nd, 2009 Goldman Sachs sells $1.9B stake in China's ICBCHONG KONG — Goldman Sachs has raised more than $1.9 billion after selling part of its stake in Industrial & Commercial Bank of China as the U.S. investment firm seeks to repay government bailout funds.
Mistress sued over broken sex pactApril 2nd, 2009 HONG KONG - A wealthy businessman is suing his former lover for the return of property worth more than 10 million Hong Kong dollars ($1.28 million) accusing her of breaching a sex pact, a media report said Thursday. Shoe tycoon Patrick Tang, 66, claimed Karen Lee, 39, agreed not to have sex with anyone else and in return he bought her four homes between 2002 and 2005, the Standard newspaper said.
Rare champagne sets world record at Hong Kong wine auctionMarch 29th, 2009 HONG KONG - A bottle of rare champagne fetched 164,560 Hong Kong dollars ($21,097) at a wine auction here, setting a new world record for the price of any bottle of champagne sold at an auction. The auction collected an impressive 35 million Hong Kong dollars ($4.5 million), with 96 percent of the stocks sold to buyers from Hong Kong, China, Taiwan, Japan, South Korea, Singapore and Indonesia, among others.
Life not worth living without Internet, Hong Kong youngsters sayMarch 20th, 2009 HONG KONG - Life would be meaningless and not worth living without the Internet, nearly one in seven Hong Kong youngsters said in a survey released Friday. Just under 14 percent of 1,800 respondents aged 12 to 25 insisted they could not live without the Internet while 80 percent described it as essential.
Teenager who robbed prostitutes jailed for six yearsMarch 19th, 2009 HONG KONG - A Hong Kong teenager who robbed seven prostitutes at knifepoint, in some cases after having had sex with them, was jailed for six years Thursday. Li Ka-chun, 18, carried out a series of robberies in June 2008 in inner-city flats where the prostitutes worked by themselves.
Serial killer feared as third Hong Kong prostitute murderedJanuary 31st, 2009 HONG KONG - Police in Hong Kong were Sunday investigating whether a serial killer is behind the murders of three prostitutes in three weeks. The latest victim, a 38-year-old Thai prostitute, was found murdered in the flat where she worked in the city's Kowloon district Saturday night.
Hong Kong shares fall three percentJanuary 20th, 2009 HONG KONG - Hong Kong shares fell by almost three percent Wednesday as overnight losses on Wall Street and profit warnings from Chinese companies listed in the city deepened market gloom. The blue-chip Hang Seng Index ended the day down 376.14 points, or 2.9 percent, at 12,583.63.
Hong Kong stocks extend gainsJanuary 4th, 2009 HONG KONG - Hong Kong stocks continued their positive start to 2009 Monday with a second day of gains, rising by almost 3.5 percent. The blue-chip Hang Seng Index climbed 520.5 points, or 3.46 percent, to close at 15,563.31.
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