Property News · May 30, 2018

What does Hong Kong’s Anglican church do with money from sale of property? It buys some more


For five decades, an 11-storey building at 5 Glenealy Road in Mid-Levels served as the staff quarters of the Hong Kong Anglican Church, until it was sold in January to CSI Properties for HK$400 million (US$51 million).
Now, CSI, which also owns the adjacent Yue Lam Mansion at 3 and 4 Glenealy Road, is redeveloping the two buildings, within walking distance of Central station and Lan Kwai Fong, into a HK$2 billion premium luxury residential project along with Richard Li Tzar-kai, the younger son…

Source : South China Morning Post
Read more…What does Hong Kong’s Anglican church do with money from sale of property? It buys some more

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