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October Property Market Review

[2017 - October - 16] Li Ka-Shing’s asset management firm sold a 75% stake in office building to a Chinese-led group sets record high price for transaction of such in Hong Kong. Hong Kong's richest tycoon Li Ka-Shing's CK Asset sold its 75% holding in the Center to a Chinese-led group for HKD40.2 billion (USD5.15 billion), local Chinese media reported, without identifying the buyer's name

[2017 - October - 17] A unit of China's Dalian Wanda Group is negotiating with lenders about rescheduling some debt after its credit ratings were cut to junk by the rating agency, triggering a clause requiring early payment of some offshore loans, wire news reported citing unnamed sources

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