Colliers International has successfully concluded the purchase of 50 Connaught Road Central in Hong Kong for a total turnover of HK$4.88 billion (US$629 million) by Agricultural Bank of China.
Colliers International bagged a total of 11 Asia Pacific Property Awards 2012-2013, including the highly acclaimed regional awards of Best Property Consultancy Marketing and Best Real Estate Agency Website for Asia Pacific.
Colliers International projected that all properties in Hong Kong – with the exception of ground-floor retail properties in traditional shopping districts - will enter a down cycle in 2012.