Property News · September 10, 2020

Hang Lung picks up US government’s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations


Hang Lung Properties, led by a billionaire developer who frequently calls for dialogue between the United States and China, has stepped in to pick up the US government’s residential real estate asset in Hong Kong for a discount, just as US-China relations deteriorated to their worst in decades.The Hong Kong developer, which mainly develops shopping centres and offices, confirmed that it had won a closed tender for six multistorey mansions at 37 Shouson Hill Road for HK$2.56 billion (US$330…

Source : South China Morning Post
Read more…Hang Lung picks up US government’s Hong Kong mansions for HK.56 billion, a 20 per cent discount to valuations

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