Breaking News —
This Friday Donald Trump announced his decision to revoke the preferential treatment granted to Hong Kong, considering that “it is no longer autonomous enough.”
The United States Government is selling its properties in one of the most exclusive areas of Hong Kong, a State Department representative informed Bloomberg, thus confirming the recent reports that appeared in the Chinese press.
According to the South China Morning Post, which obtained access to the corresponding tender document, it is a set of six multi-storey mansions located on Shouson Hill, in the south of the island of Hong Kong, and are worth up to $ 645 million or, according to data from the HK01 portal, $ 1.3 billion.
Each of the mansions consists of ten bedrooms and it is about 4,400 square meters. The U.S. government purchased the land in June 1948, when Hong Kong was still a British colony, for an unknown price, and construction on the site was completed in 1983.
The Bloomberg interlocutor noted that the State Department’s Office of Overseas Building Operations (OBO) conducts reviews of government real estate abroad regularly “as part of its program of global reinvestment “.
This Friday, President Donald Trump announced his decision to revoke the preferential treatment granted to Hong Kong, considering that “it is no longer autonomous enough.” The step was taken in response to the Chinese government’s plans to impose national security laws in that territory and remove the legal protections promised to its residents when Beijing regained control of the former British colony in 1997.