Hutchison sells house for HK$740m
Price is 2nd-highest after a HK$800m home deal in 2011
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[HONG KONG] Hutchison Whampoa Ltd, controlled by Li Ka-shing, Asia's richest man, sold a house in Hong Kong's Victoria Peak area for HK$740 million (S$120 million), the second-highest paid for such property in the city.
The 6,863-square-foot house at the seven-home, 28 Barker Road project was sold to an unidentified buyer, according to the project's website.
The price is the second-highest paid in the city after a house on Pollock's Path in The Peak area sold for HK$800 million in 2011, according to broker Colliers International.
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