Property News · June 3, 2019

Chinese developer happy with 66pc jump in paper value of The Center


The chairman of Chinese developer Yuzhou Properties is a contented man.Lam Lung-on’s company, which owns a floor of The Center, Hong Kong’s most expensive commercial building, has seen the paper value of the investment grow by 66 per cent in just two years.The value of the 58th floor of the iconic office building in Central, which was sold to a group of investors for HK$40.2 billion (US$5.12 billion) in May 2017, has appreciated to about HK$50,000 (US$6,381) per square foot from about HK$30,000…

Source : South China Morning Post
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