Sunday 4 October 2020

World’s priciest skyscraper hasn’t escaped Hong Kong’s downturn

The economic downturn in Hong Kong has turned the world’s most expensive skyscraper into a headache for its owners. In 2017, a group of buyers paid $5.2 billion for Li Ka-shing’s 75 percent stake in The Center, Hong Kong’s fifth-tallest tower. While the consortium was initially able to flip floors for quick profits, it has struggled to close deals since mid-2019, when protests against mainland China started in the territory, according to Bloomberg. Now, about



source https://therealdeal.com/2020/10/04/worlds-priciest-skyscraper-hasnt-escaped-hong-kongs-downturn/

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