China Resources deal was the biggest ever, records confirm

Land Registry records have confirmed that China Resources Land’s acquisition of a house in Hong Kong’s exclusive Island South district in early June broke all records for the price of a single dwelling. The 92,087-square-foot (8,555-square-meter) property at 39 Shouson Hill Road went for HK$5.93 billion (US$760 million), or HK$85,800 a square foot. Other properties have been more expensive on an area basis — some have […]