Inside the Great Wall:Secondary transactions in Beijing reach 27-month low in May

Kowloon City Plaza to be sold to Chinese buyer at HKD5.0bn

    Kowloon City Plaza (KCP) is located in Kowloon City, adjacent to Kai
Tak. Owner Francis Choi told media that the buyer is a supermarket
operator from mainland China, and the deal is expected to be completed
next week with a total value of HKD5.0bn. The buyer plans to run a super
market in the mall. KCP has total GFA of 640 sqf and was purchased by
Francis in 2008 for HKD1.5bn. (Apple Daily)

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