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Developer family’s deals highlight capital shift across Hong Kong property sectors

South China Morning Post - Business ·
Developer family’s deals highlight capital shift across Hong Kong property sectors

A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors.

John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed.

The price for the four-bedroom flat, which has a saleable area of 2,888 square feet,...

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