EconomyDeveloper family’s deals highlight capital shift across Hong Kong property sectors
John Lai Sung-ziang, a third-generation member of a long-established Hong Kong developer family, agreed to buy a 2,888-square-foot, four-bedroom high-floor flat at Estoril Court in Mid-Levels for HK$98.8 million on August 31. Weeks earlier, the family sold a long-held property in North Point, highlighting capital moving between real estate sectors.
Developer family’s deals highlight capital shift across Hong Kong property sectors
Economy