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Developer family’s deals highlight capital shift across Hong Kong property sectors

Developer family’s deals highlight capital shift across Hong Kong property sectors
South China Morning Post Wednesday 16 September 2026, 10:00 UTC By Peggy Ye 1 min read
Key Points

Developer family’s deals highlight capital shift across Hong Kong property sectors A Mid-Levels transaction comes on the heels of the family’s commercial divestment, tracking a wider reallocation across the city A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real...

Developer family’s deals highlight capital shift across Hong Kong property sectors A Mid-Levels transaction comes on the heels of the family’s commercial divestment, tracking a wider reallocation across the city A third-generation member of a long-established Hong Kong developer family has bought a HK$98.8 million (US$12.6 million) luxury flat in Mid-Levels, weeks after the family sold a long-held North Point property, highlighting a broader market trend of capital shifting across real estate sectors. John Lai Sung-ziang agreed to buy a high-floor unit at Estoril Court on August 31, Land Registry records showed. The price for the four-bedroom flat, which has a saleable area of 2,888 square feet, translates to HK$34,211 per square foot. According to Chinese media reports, Lai is part of the family behind Majestic Textiles and St Louis Land Investment, a property developer and owner.
Hong Kong (LOCATION) North Point (LOCATION) John Lai Sung-ziang (PERSON) Estoril Court (ORG) Land Registry (ORG) Chinese (ORG) Lai (PERSON) Majestic Textiles (ORG) St Louis Land Investment (ORG)
Originally published by South China Morning Post Read original →

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