The wife of Henry Cheng Kar-shun, Hong Kong’s third-richest man, has bought a flat on The Peak for HK$450 million (S$78.4 million), as the city’s most well-heeled residents continue to channel their capital into bricks and mortar to protect their wealth. Katherine Ip Mei-hing bought the four-bedroom, 4,256 square-foot apartment at 8 Peak Road from CSI Properties and Phoenix Property.
Lendlease will develop the office building in North Sydney which Keppel REIT will then buy, adding to an $11 billion pipeline of projects earmarked for the city’s second CBD.
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Golden Dawn Receives Drill Permit for Phoenix Property, Airborne Survey to Confirm Additional Targets apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.