EconomyHong Kong property investor still makes US$30 million after 40% price cut

Amid worries about higher interest rates and a weak retail property market, a long-time investor sold prime street shops in Tsim Sha Tsui that he had held for more than four decades. Although the deal was over 40 per cent below his original asking price, it secured nearly HK$237 million in profit. The portfolio sold for HK$256.8 million.

Hong Kong propertyretail propertyTsim Sha Tsui

SSouth China Morning Post★★☆☆☆2026-10-05 23:00Original