British-based property giant Grosvenor is in talks with a member of Stanley Ho Hung-sun's family to sell its first Hong Kong residential development, Grosvenor Place, for more than $900 million, or about $15,000 per square foot, according to a source. The developer is also understood to have received a number of other offers for the 27-storey block in Repulse Bay. The project was jointly developed by Grosvenor, Asia Standard International and Ayala of the Philippines.