Media365
Buyers connected to Hong Kong property developer Great Eagle Holdings have bought another home in the New Territories after snapping up dozens of units across the city in recent months.
The 773 sq ft three-bedroom unit at Grand Mayfair II in Kam Tin South, developed by China Overseas, Sino Land and K Wah, was sold for HK$11.99 million (US$1.54 million), or HK$15,510 per square foot, and handed over to Rising Thrive on October 2, according to Land Registry records.
Alexander Lo Chun-him, Kan Tak-kwong and Chiu Shik-pui appeared to be directors of the buyer entity, according to the Companies Registry. All three are executive directors at Great Eagle, including Lo, who is the son of Great Eagle chairman and managing director Lo Ka-shui.
Lo Ka-shui and his family have also been acquiring new flats across Hong Kong Island and the New Territories in recent months.
The Lo family purchased 11 units at Deep Water Pavilia, a development led by MTR Corp and New World Development (NWD), according to agents. Of the six units bought in early August, prices ranged from HK$12.5 million to HK$12.7 million, or about HK$21,000 per square foot, according to transaction records.
According to local media reports, the Lo family in July also bought four units for about HK$53 million at NWD’s Pavilia Farm project in Tai Wai.
