Veteran Hong Kong property investors with large portfolios are taking advantage of a recovery in the non-residential market to exit holdings bought decades ago, either for debt reduction or profit taking.The family of Tang Shing-bor, who died in May and was known as the “shop king”, is selling 39 properties worth about HK$4.7 billion (US$604 million), while Lam Hiu-ngai, the founder of Kai Bo Food Supermarket, has separately put 21 properties up for sale.People were aware that Tang’s family was…
Source : South China Morning Post
Read more…Veteran Hong Kong investors take advantage of recovery in non-residential property sector to exit holdings