A mansion in Hong Kong has been sold for HK$845 million ($109 million), as the luxury property sector picks up on lower interest rates and government measures.
House 2 at 15 Shouson Hill was sold on Thursday, according to transaction records. Preliminary deposit equal to 10% of the purchase price was paid upon signing the sale agreement, with the rest due by Nov. 18. The project’s developers include Emperor International Holdings Ltd., CSI Properties, C C Land Holdings Ltd. and Mingfa Group International Co.
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