(Feb 16): Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd. sold a luxury apartment for a record-breaking HK$459 million ($59 million), another sign that the city’s upscale housing market is recovering.
The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3,378 square feet (314 square meters) translates into HK$136,000 per square foot, sale materials show. It broke the record made by another luxury development in Mount Nicholson in 2017, making it the most expensive apartment in Asia, according to Bloomberg Intelligence.
Situated in the exclusive Mid-Levels neighborhood, the home comes with a private roof and a swimming pool. The transaction also included three car parks for the unidentified buyer.
Platinum Equity Makes Takeover Bid for U.K. Pub Owner Marston’s
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Platinum Equity. Its shares surged.
Platinum Equity made an unsolicited, non-binding proposal on a possible cash bid, Marston’s said in a Friday statement, confirming an earlier Bloomberg News report. The company’s board will evaluate the proposal with its advisers, it said.
Shares of Marston’s jumped as much as 30% after Bloomberg News first reported the approach. They were up 18% at 11:34 a.m. Friday in London, giving the company a market value of about 561 million pounds ($769 million) and putting it on track to close at the highest since February last year.