EconomyVeteran investor buys two Hong Kong street shops as values remain far below peaks
Private equity veteran Ramon Lo bought two ground-floor shops on Swatow Street in Wan Chai for HK$32.5 million (US$4.1 million). Land Registry records identify the buyer as Smart Golden Co, whose director is Lo. District prices remain about one-third below previous levels.
Veteran investor buys two Hong Kong street shops as values remain far below peaks
Economy