A recent report has revealed Chairman of Heungkong Group Co. Lau Chi-keung’s daughter – Lau Chauin as the buyer of Asia’s most expensive apartment.
The report, citing a source stated that in November, Lau Chauin bought flats 16C and 16D in the Mount Nicholson development on The Peak, paying a combined HK$1.2 billion ($154 million).
The 4,544 square feet apartment 16D comes with three car parking spaces, became Asia’s most expensive apartment on a per share foot basis when it was sold for HK 640 million dollars.
The Heungkong Group was founded in 1990 and presently has 20,000 employees. It started in Shenzhen across the border from Hong Kong as a provider of home furnishing and has since branched out into trade logistics and invested in several Chinese banks and securities firms. It also controls an aluminum producer and runs a wellness resort as well as schools.