Hong Kong skyscraper sold for record $5.15B
HONG KONG: owned by Hong Kong’s richest man Li Ka-shing has sold for a Wednesday, indicating the city’s booming property sector shows
The rumoured sale of The Cen
- Kong exchange that the sale of its stake in the building had gone
The statement named the buyer -
The company is a “special pur undertake the acquisition, the CK
The consortium’s largest shareholder is Beijing- based China Energy Reserve and Chemicals Group, the South China Morning Post reported, citing sources famil
Commercial and residential property prices in Hong Kong have from wealthy mainland Chinese
The surging property market has become a political issue as costs in one of the world’s most expensive cities continue to soar, forcing some small businesses to close due to sky-high rents while many residents cannot afford to
- rey building in Hong Kong’s bustling Central district, surpassed a transaction earlier this year, where a prime commercial lot -- occupied by a multi-storey car park also in Central -- was sold off for - ment to Henderson Land, which is owned by the city’s second richest
business acumen, Li Ka- shing’s companies are part of the fabric of Hong Kong life, ranging from internet services to supermarket
The billionaire, who turns 90 next year, announced a sweeping reorganisation of his businesses in early 2015, saying he wanted to Hong Kong’s fifth-highest skyscraper known as The Center.