7th January 2025 – (Hong Kong) Three units on the 23rd floor of the Grade A building at 9 Queen’s Road Central have changed hands for HK$145 million, equating to a price per square foot of approximately HK$18,575. Previously owned for over three decades by businessman Peter Law, this sale marks an 8.6% appreciation in value.
The new purchaser, operating under the name “Original Compassion Limited,” has two directors, one of whom is named Jiang Tao, sharing a name with popular MIRROR member Keung To. This company was registered only three days prior to the transaction on 6th December, raising questions about its intentions, and possibly indicating plans for future asset transfers.
The original owner acquired the entire 23rd floor in December 1994 for around HK$235 million, with a total area of 13,742 square feet, demonstrating a modest appreciation over the years.
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