Property News · November 19, 2018

Filipino tycoon Lucio Tan’s Hong Kong leasing business of 500 subdivided flats halts after breaching land lease rules


Eton Properties, owned by the family of Filipino magnate Lucio Tan, has been forced to put a hard stop to its leasing business of more than 500 subdivided flats in Hong Kong after breaching land lease rules.
The Lands Department also ordered the developer to return the properties to their original design or risk confiscation.
Eton’s marketing manager Cynthia Cheung said the company would change the use of the affected properties but did not provide details.
Since August last year, the…

Source : South China Morning Post
Read more…Filipino tycoon Lucio Tan’s Hong Kong leasing business of 500 subdivided flats halts after breaching land lease rules