Good Articles to Share

Author: Tan KW   |   Latest post: Fri, 24 May 2019, 3:51 PM


A tycoon just spent US$180mil on Hong Kong luxury property

Author:   |    Publish date:

HONG KONG: A paper tycoon and his wife are reported to have made Hong Kong’s most expensive luxury property purchase this year, paying HK$1.45 billion ($180 million) for a nine-apartment complex in Repulse Bay.
Raymond Lee, the chairman and co-founder of Lee & Man Paper Manufacturing Ltd., and his wife, Wong Man Yi, are directors of a private company that bought 8 Headland Road this month, the South China Morning Post reported, citing land registry and company records.
The seller of the three-story property was American International Assurance Co., the newspaper said. Lee and Wong couldn’t be reached for comment, it said. AIA bought the property for HK$20.2 million in 1985.
The deal comes as Hong Kong’s property market makes a comeback: prices have climbed for 10 straight weeks, rebounding from a slide that began last August.
- Bloomberg 
Share this

  Be the first to like this.


336  227  527  1101 

Top 10 Active Counters
 VC 0.25-0.02 
 VC-PA 0.065+0.01 
 IMPIANA 0.035-0.005 
 LAMBO 0.06+0.005 
 HSI-C5J 0.255+0.01 
 HSI-C5H 0.285+0.015 
 SAPNRG 0.29-0.01 
 DAYANG 0.905+0.015 
 EKOVEST 0.7750.00 
 BARAKAH 0.04-0.01 
Partners & Brokers