Hong Kong luxury flat sells for US$28.9 million in latest high-end property deal

A luxury flat in Hong Kong’s Kowloon Tong district is one of the latest to have found a buyer amid a rosier outlook for the city’s residential property market. The HK$225 million (US$28.9 million) property in Tower 6 of Mont Verra was bought by Elbe Rhein Investment on December 12 and the transaction was registered on Monday, according to the Land Registry. Before changing its name to Elbe Rhein last year, the company had been operating under the name of Migao Corporation since 2008, according...