Hong Kong has approved the sale of one of the United States government’s most valuable assets in the city to local developer Hang Lung Properties, after the US state department obtained permission from Beijing.The transaction, a multimillion-dollar thorn in the side of US-China relations, was confirmed by Hang Lung on Thursday, which said the seller had fulfilled diplomatic protocols and “now with the consent from the Central People’s Government of China, the transaction will proceed”.A US…
Source : South China Morning Post
Read more…Sale of US government’s Shouson Hill Road property proceeds after Beijing approves transaction
