Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So
Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So

Hang Lung picks up US government’s Hong Kong assets for HK$2.56 billion, a 20 per cent discount to market valuation

  • Hang Lung said it had won a closed tender for six multistorey buildings at 37 Shouson Hill Road for HK$2.56 billion (US$330 million)
  • The sale price, which works out to HK$54,138 per square foot for one of Hong Kong’s most exclusive residential enclaves, was a 20 per cent discount from the low end of market valuation

Topic |   US-China decoupling
Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So
Exterior of 37 Shouson Hill Road on 30 May 2020. Photo: Edmond So

Corrected [11:55am, 15 Sep, 2020]

  • [11:55am, 15 Sep, 2020]

    Corrects in paragraph eight and throughout story to make clear the project comprises six buildings with a total of 26 flats between them, not six separate “mansions.”

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