page_title: Repulse Bay
section_title: Present
hierarchical_section_title: Repulse Bay / Present
caption_attribution_description: The Pulse Outside view
context_page_description: Repulse Bay is a bay in the southern part of Hong Kong Island, located in the Southern District, Hong Kong. It is one of the most expensive residential areas in the world.
context_section_description: The Repulse Bay area is one of the most expensive housing areas in Hong Kong. Tencent's CEO Pony Ma bought a house there for US$57 million in 2014.  In 2018 twin townhouses were sold for HK$1 billion (US$127 million) or about HK$90,000 (US$11,500) per square foot. In 2018 Li Ka-shing, the richest man in Hong Kong, was living near Repulse Bay.
  The former Repulse Bay Hotel was demolished in 2 stages during the 1970s and 1980s. Later a boutique shopping mall was constructed on part of the old hotel site to mimic some of the lost colonial architecture.
  Emperor International Holdings Limited bought Lido Mall at Repulse Bay and renamed it The Pulse, but due to its expansion to five storeys and 143,000 sq ft, it was in negotiations with the government over the land premium. On 15 May 2012, Emperor announced an agreement with the government with the land premium at HK$798 million. Emperor would put The Pulse up for lease after receiving the occupation permit. The 143,000-square-foot, five-storey shopping mall would be rented out at HK$50 to HK$60 per square foot.  The Pulse was opened in 2016.
caption: The Pulse is a new shopping mall completed in 2014
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