US EditionMacau businessman John Lo secures Hong Kong site for HK$600 mln in redevelopment push
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Macau businessman John Lo secures Hong Kong site for HK$600 mln in redevelopment push
A consortium led by Macau property developer John Lo Seng Chung has acquired a 61-year-old building in Hong Kong for HK$600 million through a compulsory auction, with plans to redevelop the site into a residential project. Lo’s firm, Excellent Group Inc Ltd, secured the site uncontested at the reserve price during the auction held on Wednesday, according to local media reports. The acquisition marks the group’s first property project in Hong Kon…
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