{"id":11310,"date":"2016-03-04T20:56:08","date_gmt":"2016-03-05T01:56:08","guid":{"rendered":"https:\/\/thatdope.com\/travel\/french-consuls-hong-kong-home-fetches-75m\/"},"modified":"2016-03-04T20:56:08","modified_gmt":"2016-03-05T01:56:08","slug":"french-consuls-hong-kong-home-fetches-75m","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/french-consuls-hong-kong-home-fetches-75m\/","title":{"rendered":"French consul\u2019s Hong Kong home fetches $75m"},"content":{"rendered":"

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The home of France\u2019s top diplomat in Hong Kong<\/a>, located in one of the Chinese territory\u2019s glitziest districts, has sold for 74.5 million US dollars.<\/p>\n

Buyer Fortune Asset Management snapped up the 19th-century residence in Hong Kong\u2019s Peak<\/a> neighbourhood as housing prices continue to soar.<\/p>\n

\u201c(The sale) is part of a wider government policy to streamline its real estate holdings abroad,\u201d the consulate said, adding that the sale \u201cwas a good deal\u201d.

He said the consulate would buy a new residence that is more \u2018modern and practical\u2019 than the current \u2018antiquated\u2019 home which requires significant upkeep.<\/p>\n

Under the deal, which was signed last Friday, the French diplomat will be allowed to stay in the residence for two more years.<\/p>\n

Average home prices in Hong Kong soared about 24 per cent last year, prompting the government to usher in a series of measures including sales of public land to cool the red-hot property market.<\/p>\n

Sources: AFP \u2013 PropGOluxury<\/a><\/p>\n

\"hong<\/a><\/p>\n<\/p><\/div>\n

Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The home of France\u2019s top diplomat in Hong Kong, located in one of the Chinese territory\u2019s glitziest districts, has sold for 74.5 million US dollars. Buyer Fortune Asset Management snapped up the 19th-century residence in Hong Kong\u2019s Peak neighbourhood as housing prices continue to soar. \u201c(The sale) is part of a wider government policy to streamline its real estate holdings abroad,\u201d the consulate said, adding that the sale \u201cwas a good deal\u201d.He said the consulate would buy a new residence […]<\/p>\n","protected":false},"author":1,"featured_media":11311,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[176,185],"yoast_head":"\nFrench consul\u2019s Hong Kong home fetches $75m<\/title>\n<meta name=\"description\" content=\"The home of France\u2019s top diplomat in Hong Kong, located in one of the Chinese territory\u2019s glitziest districts, has sold for 74.5 million US dollars. 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