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Li Ka-shing's HK tower sells for record HK$40.2b

The deal is the latest to signal the territory's red-hot property market shows no signs of slowing down

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Hong Kong's skyscrapers command the highest rents in the world, according to a report last month from Knight Frank, which said rental costs are more than four times higher than in Singapore. It also said rental growth will continue to be robust on an influx of mainland Chinese tenants.

Hong Kong

LI Ka-shing's CK Asset Holdings has sold its 75 per cent holding in The Centre to a Chinese-led group for HK$40.2 billion (S$6.96 billion), a record for a Hong Kong office tower, the Hong Kong Economic Journal reported.

The deal will be announced in the near future, the...

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