Li Ka-shing, Hong Kong’s wealthiest tycoon and chairman of CK Asset Holdings, parted ways with the tallest building in his property portfolio, selling The Center tower for a record HK$40.2 billion (US$5.15 billion) to a consortium of the city’s investors and buyers from mainland China, marking what could be the world’s most expensive real estate transaction. Nora Tam

Hong Kong dominates Asian property investment in first half

But survey ranks Sydney as the region’s top potential investment market next year, with Melbourne second, Singapore third, Shanghai fourth, Ho Chi Minh fifth, Shenzhen sixth, Tokyo seventh and Hong Kong a lowly thirteenth

Topic |   Hong Kong property

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Li Ka-shing, Hong Kong’s wealthiest tycoon and chairman of CK Asset Holdings, parted ways with the tallest building in his property portfolio, selling The Center tower for a record HK$40.2 billion (US$5.15 billion) to a consortium of the city’s investors and buyers from mainland China, marking what could be the world’s most expensive real estate transaction. Nora Tam
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