https://www.scmp.com/rss/523299/feed The latest news and top stories on David Chan Ping-chi, a prominent Hong Kong real estate investor. Known as 'Hong Kong’s Cassette King' from his success as chairman of ACME Group, a major audio-visual manufacturer, he diversified into extensive property investments. His portfolio included offices, luxury homes, retail units and car parks. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Peggy Ye Peggy Ye Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group and long dubbed Hong Kong’s “king of shops”, has sold a flat in the ultra-exclusive Mount Nicholson enclave on The Peak, saying weak rental returns did not make it worthwhile to hold the property any longer. Land Registry records showed Leong sold the 4,566 sq ft four-bedroom flat for HK$323 million (US$41.3 million), or about HK$70,740 per square foot. He bought the property in 2016 for about HK$312 million. While the selling price... https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed https://www.scmp.com/business/article/3344861/hong-kongs-king-shops-edwin-leong-sells-home-peak-us413-million?utm_source=rss_feed Fri, 27 Feb 2026 08:28:24 +0000 Salina Li Salina Li Hong Kong Ferry Holdings is buying retail shops in the New Territories from Hong Kong’s “Cassette King” David Chan Ping-chi for HK$260 million (US$33 million) as part of an expansion of its property investment business. Prosper Link Investment, a wholly owned subsidiary of the company, entered into a provisional agreement with the seller, Man Hei International Investment, to acquire various shops at Tai Hung Fai (Tsuen Wan) Centre at 55 Chung On Street in Tsuen Wan, Hong Kong Ferry said in a... https://www.scmp.com/business/article/3322550/hong-kong-ferry-buys-new-territories-retail-space-us33-million-cassette-king?utm_source=rss_feed https://www.scmp.com/business/article/3322550/hong-kong-ferry-buys-new-territories-retail-space-us33-million-cassette-king?utm_source=rss_feed Wed, 20 Aug 2025 12:30:11 +0000 Salina Li Salina Li The Law Society of Hong Kong has bought an entire floor of offices in what was formerly the world’s most expensive tower at a 50 per cent discount, the latest among astute investors who are picking up property in the city at bargain prices. The Law Society paid HK$345 million (US$44 million), or HK$14,000 per sq ft, for 24,980 sq ft (2,320 square metres) on the 26th floor of The Center from Gale Well Group. The property in the Central district was handed over to the Law Society on July 25,... https://www.scmp.com/business/article/3320003/hong-kongs-law-society-swoops-down-entire-floor-offices-center-half-price?utm_source=rss_feed https://www.scmp.com/business/article/3320003/hong-kongs-law-society-swoops-down-entire-floor-offices-center-half-price?utm_source=rss_feed Tue, 29 Jul 2025 11:00:24 +0000