Hang Lung picks up US government’s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations

//Hang Lung picks up US government’s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations

Hang Lung picks up US government’s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations

Hang Lung Properties, led by a billionaire developer who frequently calls for dialogue between the United States and China, has stepped in to pick up the US government’s residential real estate asset in Hong Kong for a discount, just as US-China relations deteriorated to their worst in decades.The Hong Kong developer, which mainly develops shopping centres and offices, confirmed that it had won a closed tender for six multistorey mansions at 37 Shouson Hill Road for HK$2.56 billion (US$330…

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By | 2020-09-10T04:01:55+00:00 September 10th, 2020|Business|Comments Off on Hang Lung picks up US government’s Hong Kong mansions for HK$2.56 billion, a 20 per cent discount to valuations