June 09, 2021
General view of Mount Nicholson at 8 Mount Nicholson on The Peak.
South China Morning Post
A top executive of a Hong Kong-listed apparel company has been revealed as the buyer of a parking spot at the exclusive Mount Nicholson development on The Peak, which set a world record last month at HK$11.9 million (S$2 million) each.
Poon Ho-tak, executive director of Texwinca Holdings, bought three parking bays for HK$11.9 million each, paying a total of HK$35.7 million, according to Land Registry documents. He owns two adjoining flats with a combined area of 8,812 square feet (818 square metres) on the 12th floor of the ultra-luxury project, for which he paid HK$749 million, or HK$84,997 per square foot, in 2016.
HKR International has spent HK$677 million (US$87.2 million) recently on two buildings – one industrial and one residential – for redevelopment as the city’s famous land shortage forces a change of focus.
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