Hong Kong developer Great Eagle’s executives jointly acquire US$1.5 million flat
Rising Thrive, an entity linked to Great Eagle’s executives, bought a 773 sq ft flat in Grand Mayfair in Kam Tin South
Buyers connected to Hong Kong property developer Great Eagle Holdings have bought another home in the New Territories after snapping up dozens of units across the city in recent months.
The 773 sq ft three-bedroom unit at Grand Mayfair II in Kam Tin South, developed by China Overseas, Sino Land and K Wah, was sold for HK$11.99 million (US$1.54 million), or HK$15,510 per square foot, and handed over to Rising Thrive on October 2, according to Land Registry records.
Alexander Lo Chun-him, Kan Tak-kwong and Chiu Shik-pui appeared to be directors of the buyer entity, according to the Companies Registry. All three are executive directors at Great Eagle, including Lo, who is the son of Great Eagle chairman and managing director Lo Ka-shui.
