Retail in Asia

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HK’s Causeway Bay block for sale

A Hong Kong investor is set to release his HKD1 billion (USD128.9m) retail-residential building in Causeway Bay for tender as commercial property prices in the city go through the roof.

The seller bought the 13-storey building, at 60-62 Yee Wo Street – opposite Paliburg Plaza – for HKD28m in 1987. Property agents estimate the building has since risen in value to HKD800m to HKD1b.

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