Rare 6-month office flip suggests Hong Kong’s prime market is stabilising

A buyer who bought an office in a top-tier location in Hong Kong has sold it for an apparent 19 per cent gain just over six months later, a rare transaction that suggests improving conditions in the city’s prime office market are beginning to reshape investment decisions. The 5,400 sq ft office on the 37th floor of Far East Finance Centre in Admiralty changed hands for HK$108 million (US$13.8 million), or about HK$20,000 per square foot, in early July, according to market sources. The same space...