US wants to sell its exclusive assets in Hong Kong as tensions between the US and China escalate

US wants to sell its exclusive assets in Hong Kong as tensions between the US and China escalate
US wants to sell its exclusive assets in Hong Kong as tensions between the US and China escalate

A representative of the state government said in an email, the United States government is selling its property in Hong Kong's most exclusive neighborhood.

The decision comes as protests continue and escalating tensions between Hong Kong and the US, and tensions between China and the US over the new Beijing-backed national security law in the city.

"The Office of the State Office of Overseas Building Operations periodically reviews the properties of foreign real estate of the United States Government," the representative said.

According to the news site HK01, the property, which comes with several mansions, is located on Shusan Hill, south of Hong Kong Island, and is valued at HK $ 10 billion ($ 1.3 billion), which is reported to be the first sale. Some of the wealthiest people in the city own property in the area.

The State Department is also investing to improve other US government assets. In Hong Kong, the US, including the US Consulate General's office building. United States, according to the statement.

The United States government purchased the property in 1948, records shown in the Property Registry show. - Bloomberg

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