Property News · June 12, 2018

Owners at two residential buildings in Tai Tam join forces, offer up buildings for collective sale. The price tag? US$482 million


Taking advantage of Hong Kong’s skyrocketing home prices, a group of 28 owners at a luxury residential development in the Southern District of Tai Tam agreed to offer their flats for a tender through collective sale at an indicative price of HK$3.78 billion (US$481.75 million).
The 43-year-old Faber Court, located at 29-31 Tai Tam Road, could be redeveloped into either houses or flats.
“It is a rare opportunity to have a luxury residential site put on sale,” said Danny Chan,…

Source : South China Morning Post
Read more…Owners at two residential buildings in Tai Tam join forces, offer up buildings for collective sale. The price tag? US2 million