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U.S. to Sell Hong Kong Consulate Housing Amid Rising Tensions

  • Property may be worth at least $400 million, agents say
  • U.S., China at loggerheads over new security legislation
Shouson Hill area in Hong Kong.

Shouson Hill area in Hong Kong.

Photographer: Vivek Prakash/Bloomberg
Updated on

The U.S. government is selling its Hong Kong consulate staff quarters, estimated to be worth more than $400 million, amid rising tension over the city’s future.

The compound is located in Shouson Hill, on the southern side of Hong Kong Island, where some of the city’s richest tycoons, including Li Ka-Shing, own houses. Comprising several apartment buildings spread over almost 95,000 square feet (8,825 square meters) of land, the property is worth between HK$3.1 billion ($400 million) and HK$3.5 billion, according to Vincorn Consulting and Appraisal Ltd.