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Hang Lung’s HK$2.6 billion purchase of US government’s 37 Shouson Hill Road villas runs into diplomatic snag in US-China spat Pearl Liu and Lam Ka-sing pearl.liu@scmp.com, kasing.lam@scmp.com © SCMP 37 Shouson Hill Road, The Peak, on Hong Kong Island on May 30, 2020. Photo: Edmond So One of Hong Kong s biggest real estate transactions of 2020 has been caught in the crossfire of souring US-China diplomatic relations, as the United States consulate failed to get its sale of luxury villas on The Peak recognised by the city s Land Registry. The HK$2.6 billion (US$330 million) sale on September 10 of six multi-storey villas at 37 Shouson Hill Road could not be registered by Hong Kong s Land Registry because of diplomatic obligations imposed by the Chinese government on the US consulate, buyer Hang Lung Properties said in an exchange filing on Wednesday. Hang Lung bought it for a 20 per cent discount to the valuation.

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