Property News · December 10, 2020

Hong Kong developer Hang Lung says deal for US’s Shouson Hill property on track, but delay in registration is raising eyebrows in market


Hong Kong-based Hang Lung Properties said on Wednesday that it expects its HK$2.56 billion (US$330.2 million) acquisition of property at 37 Shouson Hill Road from the United States government to go through as planned.“We expect to complete the transaction according to the timeline stated in the sales and purchase agreement,” the company said. The tender said the deal will be completed on or before December 31.Land Registry records, however, show the deal’s status as “deed pending registration”,…

Source : South China Morning Post
Read more…Hong Kong developer Hang Lung says deal for US’s Shouson Hill property on track, but delay in registration is raising eyebrows in market

You may also like...