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China-US ties hold up property deal with Hong Kong consulate, Hang Lung says

US sale of Hong Kong consulate property held up by China Toggle share menu Advertisement File photo of the US Consulate General in Hong Kong. (File photo: AFP/ISAAC LAWRENCE) 30 Dec 2020 02:50PM (Updated: 30 Dec 2020 06:17PM) Share this content Bookmark HONG KONG: The sale of property owned by the US consulate in Hong Kong failed to be completed as scheduled on Wednesday (Dec 30) after China unexpectedly stepped in and said its approval is needed, the buyer said, amid wide-ranging bilateral tensions. Hong Kong developer Hang Lung Properties said in a regulatory filing that it was unable to complete the purchase of the residential property, the latest twist in the US$331.5 million deal in an upscale location in the financial hub.

United statesUnited kingdomHong kongHang lung propertiesLand registryChang lungஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்ஹாங் காங்செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்நில பதிவுசெயலிழக்க நுரையீரல்

Hang Lung s HK$2 57 billion purchase of US government s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat

Hang Lung’s HK$2.6 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat Pearl Liu and Lam Ka-sing pearl.liu@scmp.com, kasing.lam@scmp.com © SCMP 37 Shouson Hill Road, The Peak, on Hong Kong Island on May 30, 2020. Photo: Edmond So One of Hong Kong s biggest real estate transactions of 2020 has been caught in the crossfire of souring US-China diplomatic relations, as the United States consulate failed to get its sale of luxury villas on The Peak recognised by the city s Land Registry. The HK$2.6 billion (US$330 million) sale on September 10 of six multi-storey villas at 37 Shouson Hill Road could not be registered by Hong Kong s Land Registry because of diplomatic obligations imposed by the Chinese government on the US consulate, buyer Hang Lung Properties said in an exchange filing on Wednesday. Hang Lung bought it for a 20 per cent discount to the valuation.

Hong kong islandHong kong generalHong kongUnited statesVincent cheungMartin chanHang lung propertiesSouth china morning postChina morning post publishers ltdHill roadLand registryChang lungGlobal impactLung propertieVincorn consultingChina morning post publishers

US Consulate Hong Kong Property Sale Stuck in Diplomatic Row

A woman carries an American flag during a protest outside the U.S. Consulate in Hong Kong on July 4. (AP Photo/Kin Cheung, File) HONG KONG (AFP) A multimillion-dollar property sale by the U.S. Consulate in Hong Kong has been put on ice because it has not received permission from Beijing, the prospective buyer said Wednesday. The deal for six luxury pads in a swanky part of the island would have seen the U.S. State Department pocket U.S. $330 million. But it appears to have fallen victim to growing tensions between Washington and Beijing, who insisted it was no ordinary property transaction and needed a specific go-ahead.

United statesHong kongUs state departmentHong kong hang lung propertiesHong kong chinaKin cheungHang lung propertiesLand registryState departmentஒன்றுபட்டது மாநிலங்களில்ஹாங் காங்எங்களுக்கு நிலை துறைஹாங் காங் செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்ஹாங் காங் சீனாகீன் செயுங்செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்

China-U S ties hold up property deal with Hong Kong consulate, Hang Lung says

China-U.S. ties hold up property deal with Hong Kong consulate, Hang Lung says Reuters 12/30/2020 © Reuters/Claro Cortes FILE PHOTO: A worker cleans the front wall of the US Consulate General in Hong Kong HONG KONG (Reuters) - Hong Kong developer Hang Lung Properties said it was unable to complete the purchase of a property owned by the U.S. consulate as scheduled on Wednesday because it involved foreign affairs between China and the United States. Popular Searches The latest twist in the $331.5 million deal in an upscale location in the financial hub comes amid growing tension between the world s two biggest economies over a host of issues.

United statesUnited kingdomHong kongClare jimKim coghillHang lung propertiesClaro cortesLand registryChang lungஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்ஹாங் காங்தெளிவு ஜிம்கிம் கோகில்செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்கிளாரோ கோர்ட்டுகள்

US consulate s sale of Hong Kong property stuck in diplomatic row

The Straits Times The deal would have seen the US State Department pocket US$330 million.PHOTO: AFP PublishedDec 30, 2020, 5:09 pm SGT https://str.sg/JRze They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let s go!

United statesHong kongUs state departmentHong kong hang lung propertiesUnited states consulateHang lung propertiesLand registryState departmentஒன்றுபட்டது மாநிலங்களில்ஹாங் காங்எங்களுக்கு நிலை துறைஹாங் காங் செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்ஒன்றுபட்டது மாநிலங்களில் துாதரகம்செயலிழக்க நுரையீரல் ப்ராபர்டீஸ்நில பதிவுநிலை துறை

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