Property News · December 30, 2020

Hang Lung’s HK$2.57 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat


One of Hong Kong’s biggest real estate transactions of 2020 has been caught in the crossfire of US-China relations, as the United States consulate failed to get its sale of luxury villas on The Peak recognised by the city’s Land Registry.The HK$2.57 billion (US$330 million) sale on September 10 of six multi-storey villas at 37 Shouson Hill Road could not be registered by the Land Registry because the US consulate failed to receive written permission from the Chinese government’s representative…

Source : South China Morning Post
Read more…Hang Lung’s HK.57 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat

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