A Chinese real estate tycoon bought a property in Hong Kong for about HK$2.1 billion, or about $270 million, setting a new record for one of the priciest cities in the world.
Hongtian Chen, chairman of Shenzhen-based firm Cheung Kei Group, bought the 9,212 square-foot luxury house at 15 Gough Hill Road on The Peak, one of the most exclusive areas in Hong Kong, the South China Morning Post reports.
Previously, the title of most expensive house sold in Hong Kong belonged to a 9,890-square-foot luxury house at 22 Barker Road, also on The Peak, which was sold for HK$1.5 billion last year.
Mr. Chen purchased the house for his own use, according to his interview with the paper. His firm, Cheung Kei Group, invests in property, hotels and finance business in Hong Kong.
He declined to give the price, but according to the South China Morning Post, the property was sold for about HK$2.1 billion.
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