The U.S. government has agreed to sell a compound in a prime Hong Kong neighborhood to local developer Hang Lung Properties for $332 million. The 26-unit property served as residences for local consulate staff. Hang Lung Properties plans to redevelop it with luxury detached houses, according to the Wall Street Journal. The complex totals 95,000 square feet and the sale price is considered a major discount for the area. Prices for Hong Kong properties across
source https://therealdeal.com/2020/09/13/us-sells-hong-kong-consulate-apartments-at-big-discount-7k-psf/
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