Records from the Land Registry showed that five upscale homes – from areas such as Mid-Levels, Wan Chai and Sai Kung – changed hands in deals valued between HK$93 million and HK$238 million. The flurry of luxury home deals comes amid a recovery in Hong Kong’s residential property segment, as affluent homebuyers and investors aggressively…
The operator of a top international school in Hong Kong has revealed it plans to negotiate soon with the institution’s US co-founder to seek an out-of-court settlement in response to a lawsuit over allegations it breached an operating agreement by only serving the rich. The senior management of Hong Kong International School (HKIS) told the…
A US-based church suing a top Hong Kong school is “not looking to sell or redevelop” seven local properties it owns with an estimated value of nearly HK$1 billion (US$127 million), insisting it intends to make a “significant investment” in the city through a new institution. The Lutheran Church-Missouri Synod (LCMS) told the Post on…
A US-based church has recently dropped a bombshell by suing a top Hong Kong international school it co-founded for allegedly breaching an operating agreement, threatening to evict the institution from its campuses and set up a new one. The Lutheran Church–Missouri Synod (LCMS) from the United States has also accused the operator of Hong Kong…
A United States-based church is suing the management of a top Hong Kong school it co-founded in 1966 for allegedly breaching an operational agreement, accusing the institution of serving only the “rich and privileged few” and amassing excessive financial reserves. The Lutheran Church – Missouri Synod (LCMS), which is the registered owner of the Hong…
A United States-based church is suing the management of a top Hong Kong school it co-founded in 1966 for allegedly breaching an operational agreement, accusing the institution of serving only the “rich and privileged few” and amassing excessive financial reserves. The Lutheran Church – Missouri Synod (LCMS), which is the registered owner of the Hong…
Hong Kong authorities should appeal against the “light” penalties imposed on two property owners for erecting illegal structures at their luxury Redhill Peninsula homes, experts have said, warning that the fines are not hefty enough to deter offenders. The specialists weighed in after the two property owners were told to pay more than HK$110,000 (US$14,015)…
Hong Kong pop diva and actress Karen Mok Man-wai bought a luxury unit in the Mid-Levels district for HK$85 million (US$10.8 million), as the city’s celebrities, tycoons and other wealthy investors continue to pick up plum properties that are selling for a song. According to the Land Registry, a 2,153 sq ft three-bedroom flat at…