Finance Ministry seeks agents to sell Hong Kong property
The Finance Ministry is seeking real estate agents to dispose of a building in Hong Kong purchased almost 40 years ago, which the previous administration had tried to sell prior to the 2018 general election.
According to a request for proposal (RFP) dated June 25, all prospective agents must be registered with the Hong Kong Estate Agents Authority...
The Finance Ministry is seeking real estate agents to dispose of a building in Hong Kong purchased almost 40 years ago, which the previous administration had tried to sell prior to the 2018 general election.
According to a request for proposal (RFP) dated June 25, all prospective agents must be registered with the Hong Kong Estate Agents Authority.
A briefing will be held on July 1 while the RFP submission will close at noon on July 9.
In March, former prime minister Najib Abdul Razak commented on news reports on the likely sale of the Malaysia Building in Hong Kong.
Najib later told the press that he was not in favour of selling the building until it appreciates in value.
Following this, Finance Minister Lim Guan Eng told Parliament that the Najib administration had in fact tried to sell the building for RM1.1 billion outside the open market.
The transaction was supposed to involve a Kuala Lumpur-based company, but the deal was scuttled by the Pakatan Harapan government.
Lim also claimed a prospective buyer had offered the present government RM1.68 billion for the building, but that he was holding out for a larger figure.
Malaysia Building is a 26-story high-rise building located in the Wan Chai area close to Hong Kong’s main business district.
The building was bought by the federal government in 1980 for HK$212 million (RM112 million), and houses Malaysian government agencies and the consular-general.
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