Tuesday, December 19, 2017
Rise in interest of mainland buyers in investing in real estate in Hong Kong
ANBOUND
Taking all aspects of information, The Central in Hong Kong was sold at the astronomical price of US$ 5.2 billion. The main shareholder of the buyer company is China Energy Reserve and Chemicals Group Co Ltd, holding 55% of the shares. While China's state reserve bank and other shareholders are currently raising as much as HK$ 36.18 billion loans, including the largest mezzanine loan in Asia to support the deal. The unusually high leverage of the financing reflects the rapid rise in interest from a new batch of mainland buyers in investing in the real estate in Hong Kong.