Shirley Zhao, Bloomberg News Adrian Cheng , Bloomberg
(Bloomberg) The prediction was vintage Jack Ma, as provocative as it was prescient.âThis is the era of the internet,â the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. âIt no longer belongs to Li Ka-shing.âMaâs dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between Chinaâs tech-savvy moguls and their old-school Hong Kong counterparts a trend that shows few signs of fading any time soon.
Gucci, Alexander McQueen Join Voucher Schemes in Hong Kong s Top Malls
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Hong Kong Finance Executives Defy Virus with Biggest Bonuses
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Wheelock Properties (Hong Kong) Limited
A property in Hong Kong is being rented at approximately $174,000 USD a month, Inman reports.
That comes out to $2 million a year, a new record for the city.
The house is in Victoria Peak, a famously expensive neighborhood in Hong Kong.
In Hong Kong, there s a new rental record in town a $2 million record, to be precise.
A rental property in the Victoria Peak neighborhood of Hong Kong is being leased out for roughly $174,000 a month, or $2 million a year, the South China Morning Post reported. It s the most expensive rental recorded in Hong Kong history.
A Hong Kong Home Is Asking A Whopping $2M In Annual Rent
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