Property News · October 31, 2018

Super rich investors who bought The Center finding it tough to sell floors amid property downturn


Talk about bad timing. Super wealthy investors who paid US$5.15 billion for The Center – in the world’s most expensive real estate transaction ever – have mostly been spinning their wheels over the last six months trying to sell it off floor by floor.
Plans for quick riches ran into the US-China trade war, the global stock market slump, and the growing doom and gloom hanging over property generally now in Hong Kong.
In contrast, Li Ka-shing, Hong Kong’s richest person…

Source : South China Morning Post
Read more…Super rich investors who bought The Center finding it tough to sell floors amid property downturn

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