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A Hong Kong property investor named Ng Kan-hoi sold a portfolio of retail shops in Tsim Sha Tsui for HK$256.8 million, achieving a significant return despite initially listing the properties at HK$430 million and later reducing the price by 40%. This sale resulted in a 12-fold return over four decades, highlighting Ng's astute investment strategy that allowed him to secure substantial profits even with a major price reduction.
Written locally by qwen2.5:14b on 2026-10-05,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Ng Kan-hoi, a low-profile veteran Hong Kong property investor, sold a portfolio of retail shops in Tsim Sha Tsui for HK$256.8 million after initially listing them at HK$430 million and then reducing the price by 40 percent. According to Land Registry data, the properties are located in the Cheung Lee Commercial Building and Wing Lee Building on Kimberley Road. Despite the significant price cut, Ng achieved a substantial return of approximately US$30 million, representing about a 12-fold increase over four decades.
Written for “Hong Kong Property Investor Success” on 2026-10-06,
grounded in this article and the 0 other(s) covering the same event.
How a Hong Kong property investor still made US$30 million – after a 40% price cut
Low-profile veteran investor slashes price of Tsim Sha Tsui retail portfolio, but still secures a 12-fold return after four decades
The portfolio of retail shops in Cheung Lee Commercial Building and the podium of Wing Lee Building, both on Kimberley Road, changed hands for HK$256.8 million, according to Land Registry data.
uncertain
portfolio → make → data
The seller, low-profile investor Ng Kan-hoi, had previously listed the assets for a combined HK$430 million before slashing the price by 40 per cent.
asserted
seller → list → cent
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