The site at 15 Gough Hill of Chen Hongtian’s luxury house. Photo: EPAepa05349357 A TV reporter walks past 'Chateau 15' at 15 Gough Hill Road, an 9,212 square foot (886 square meter) luxury house still under construction in Hong Kong's luxury Peak residential area, which according to the South China Morning Post has been sold to mainland Chinese property developer Chen Hongtian, chairman of Shenzhen firm Cheung Kei Group, setting a new record price for Hong Kong property of 2.1 billion Hong Kong dollar (237 million euro or 269 million US dollar), or 220,000 Hong Kong dollar (25,000 euro or 28,380 US dollar) per square foot, Hong Kong, China, 07 June 2016. The seller, Hong Kong company Chuang’s Consortium International, which is chaired by billionaire Alan Chuang Shaw-swee, bought the 18,469 square foot (1,716 square meter) site for 166 million Hong Kong dollar (18.8 million euro or 21.3 million US dollar) in 2006. EPA/ALEX HOFFORD

Developer to see HK$1.47 billion in net proceeds from sale of luxury house in Hong Kong

Topic |   Hong Kong property

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The site at 15 Gough Hill of Chen Hongtian’s luxury house. Photo: EPAepa05349357 A TV reporter walks past 'Chateau 15' at 15 Gough Hill Road, an 9,212 square foot (886 square meter) luxury house still under construction in Hong Kong's luxury Peak residential area, which according to the South China Morning Post has been sold to mainland Chinese property developer Chen Hongtian, chairman of Shenzhen firm Cheung Kei Group, setting a new record price for Hong Kong property of 2.1 billion Hong Kong dollar (237 million euro or 269 million US dollar), or 220,000 Hong Kong dollar (25,000 euro or 28,380 US dollar) per square foot, Hong Kong, China, 07 June 2016. The seller, Hong Kong company Chuang’s Consortium International, which is chaired by billionaire Alan Chuang Shaw-swee, bought the 18,469 square foot (1,716 square meter) site for 166 million Hong Kong dollar (18.8 million euro or 21.3 million US dollar) in 2006. EPA/ALEX HOFFORD
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