Hutchison sells another HK home on The Peak for S$87m

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I am more interested to know that Mr. Li is divesting his assets, and moving to back-seat. A last-phase of execution for his succession?

Hutchison sells another HK home on The Peak for S$87m

HONG KONG — Hutchison Whampoa, controlled by Asia’s richest man Li Ka-shing, has sold a second house in a week in Hong Kong’s Victoria Peak for more than HK$500 million(S$80.7 million), as developers accelerate sales amid expectations that property prices are peaking.

The 5,706 sq ft house in the seven-home, 28 Barker Road project was sold to an unidentified buyer for HK$538 million (S$87 million), according to the project’s website.

Hutchison Whampoa sold a house in the same project on Nov 20 for HK$740 million — the highest paid in the city after a house on Pollock’s Path, also in The Peak area, was sold for HK$800 million in 2011, according to broker Colliers International.
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http://www.todayonline.com/business/hutc...-peak-s87m
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