US Government Selling Hong Kong Property

The U.S. government is selling its property in one of the most exclusive neighborhoods in Hong Kong, a State Department representative said. The decision comes as protests continue to rock Hong Kong and tensions rise between the U.S. and China over new Beijing-backed national security legislation in the city.  The State Department is also investing in enhancing other U.S. government-owned assets in Hong Kong, including the U.S. Consulate General’s office building, according to the statement. The US government has engaged CBRE as the sales agent to invite for bids for a cluster of exclusive homes at 37 Shouson Hill Road, valued at between HK$3.1 billion and up to HK$5 billion. The invitation for tender is the US government’s ongoing review of its overseas real estate holdings as part of its global reinvestment programme.