Tiger Balm Garden, whose depictions of Chinese mythology have attracted visitors since the 1930s, has been sold to Li Ka-shing by newspaper publisher Sally Aw Sian. Mr Li, chairman of Cheung Kong (Holdings), will turn the garden into a theme park and housing. Analysts said he probably paid about $100 million for the 90,000-square foot site in Tai Hang Road, Tai Hang, which includes Ms Aw's white, two-storey house. Cheung Kong owns property next to the garden and has been eyeing the site for some time. The garden was built by Ms Aw's father, Aw Boon-haw, and opened in 1935. It features carved and painted, often gory, scenes from mythology, as well as Hong Kong's only white pagoda. The deal is the second asset sale by Ms Aw this week, following a $115 million deal involving a 23 per cent stake in Sing Tao Holdings, which publishes the Sing Tao Daily News and the Hong Kong Standard. The shares were bought by Dublin-listed China Enterprise Development Fund. The sale, still awaiting approval, cuts Ms Aw's stake to about 27 per cent.