{"id":8302,"date":"2020-06-01T13:13:09","date_gmt":"2020-06-01T06:13:09","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=8302"},"modified":"2021-06-04T15:00:49","modified_gmt":"2021-06-04T08:00:49","slug":"half-dozen-american-government-owned-mansions-in-hong-kong-are-now-up-for-bidding","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/half-dozen-american-government-owned-mansions-in-hong-kong-are-now-up-for-bidding\/","title":{"rendered":"Half-dozen American government-owned mansions in Hong Kong are now up for bidding"},"content":{"rendered":"<p><span class=\"TextRun SCXW45419773 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW45419773 BCX0\">Growing tensions between the U.S. and China have prompted <\/span><\/span><span class=\"TextRun SCXW45419773 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW45419773 BCX0\">authorities\u00a0<\/span><\/span><span class=\"TextRun SCXW45419773 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW45419773 BCX0\">to let go of these properties<\/span><\/span><span class=\"EOP SCXW45419773 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_8303\" aria-describedby=\"caption-attachment-8303\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-8303\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/06\/shutterstock_581225677.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/06\/shutterstock_581225677.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/06\/shutterstock_581225677-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2020\/06\/shutterstock_581225677-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-8303\" class=\"wp-caption-text\">Luxury homes in Hong Kong. seaonweb\/Shutterstock<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.finews.asia\/real-assets\/31896-u-s-government-unloads-half-dozen-mansions-in-hong-kong\" target=\"_blank\" rel=\"noopener noreferrer\">finews.asia<\/a>, six multi-storey mansions in Hong Kong that belongs to the U.S. government have been put up in the market for bidding in the midst of the growing tensions between America and China.<\/p>\n<p>These properties, which are each worth up to USD645 million, come with 10 bedrooms each measuring about 4,402 square metres. The U.S. government bought the land in June 1949 at an undisclosed price when the administrative region was still under the British occupation.<\/p>\n<p>All of the half-dozen mansions have been placed in the market for collective bidding and are all valued between USD1.3 billion and USD5 billion. CBRE Group, a realtor based in Los Angeles, revealed that they have been designated as the sales agent for the project.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/year-long-protest-months-long-pandemic-drives-hong-kong-hotels-to-the-edge\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Year-long protest, months-long pandemic drive Hong Kong hotels to the edge<\/strong><\/a><\/p>\n<p>\u201cThe State Department\u2019s Bureau of Overseas Buildings Operations regularly reviews the U.S. Government\u2019s overseas real estate holdings as part of its global reinvestment program,\u201d based on a statement by the U.S. Consulate General in Hong Kong.<\/p>\n<p>The mansions were placed in the market just a few hours after U.S. President Donald Trump declared that he would abolish the special trading status of Hong Kong following the decision of Beijing to establish a national security law for the city while circumnavigating the votes of the local body.<\/p>\n<p>\u201cAs part of that program, the State Department has decided to sell the Shouson Hill property, and at the same time, invest in enhancing other US Government-owned assets in Hong Kong, including the US Consulate General\u2019s office building,\u201d the U.S. clarified in the statement.<\/p>\n<p>\u201cThe reinvestment program reinforces the US Government\u2019s presence in Hong Kong by ensuring its facilities are able to perform to the highest long-term standards.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Growing tensions between the U.S. and China have prompted authorities to let go of these properties <\/p>\n","protected":false},"author":9,"featured_media":20597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[137,171,150],"class_list":["post-8302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-china","tag-hong-kong","tag-us","news_country-hongkong","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Half-dozen American government-owned mansions in Hong Kong are now up for bidding | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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