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China Evergrande's Hui Ka-yan, once China's richest man, has seen his wealth dwindle as developer's prospects sour

Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China’s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile of debt exceeding US$300 billion. ....

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1.25-acre plot of land in Hong Kong sells for $935 million

The deal, which was announced on February 9, set a new record for the highest price-per-square-foot paid for a government-owned residential site in Hong Kong, according to the South China Morning Post. The price comes out to about $6,451 per square foot.
Victoria Peak, known as the Peak, is one of Hong Kong s most exclusive and expensive residential areas. The secluded neighborhood overlooking Hong Kong is home to financiers, business tycoons, celebrities, and billionaires.
The Peak is famous for its astronomical real-estate deals. In 2016, real-estate developer Chen Hongtian paid $270 million for a 9,212-square-foot mansion at 15 Gough Hill Road. In January 2017, iPhone screen manufacturing billionaire Yeung Kin-man paid $361 million for a 51,000-square-foot mansion on Pollock s Path. CY Leung, Hong Kong s chief executive from 2012 to 2017, lives in the neighborhood. And Alibaba founder Jack Ma was rumored to have bought a $191 million mansion in the Peak in 2015, but it ....

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A Hong Kong plot smaller than a soccer pitch sold for R13.7 billion, in a new record

Hong Kong was named the world's most expensive housing market for the 10th year in a row in 2020. ....

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A 1.25-acre plot of land in Hong Kong sold for $935 million, setting a new record in one of the world's priciest property markets

A 1.25-acre plot of land in Hong Kong just sold for about $935 million, per Bloomberg. The sale set a record for the most ever paid for a government-owned ....

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Undeveloped Hong Kong Parcel Sells For $6,451 PSF

Wharf Holdings led a consortium of investors on a record-breaking land purchase, showing the confidence some developers have in Hong Kong’s market. ....

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