Hang Seng Bank Co-Founder's Granddaughter Buys US$9.3 Million Hong Kong Flat
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A granddaughter of Hang Seng Bank's co-founder has purchased a luxury Hong Kong apartment for HK$72 million (US$9.3 million). The buyer is Magdalene Ho Mai-ting, according to the city's Land Registry.
Official records show the transaction was registered on Wednesday. The property is located in Dynasty Court, a residential building in the upmarket Mid-Levels neighborhood.
The purchase highlights continued high-value investment in Hong Kong's premium real estate. The seller, Sun Hung Kai Properties (SHKP), markets luxury projects in several affluent districts, including North Point and Mid-Levels.
Hang Seng Bank, one of Hong Kong's major financial institutions, was co-founded by Ho Tim in 1933. Magdalene Ho is his granddaughter.