Luxury Project Sold to Former UBS Executive and Buys Taiwan AI Chip Company

On September 28th, Li Ka-shing, the richest man in Hong Kong, sold his company Cheung Kong Property Holdings Limited (CK ASSET HOLDINGS LIMITED ), a super-luxury project at No. 21 Borrett Road, Mid-Levels, Hong Kong. The project comprises 152 residential units, 242 residential car parking spaces and 31 motorcycle parking spaces in the Development. The price was HK$20.766 billion. It was sold to LC Vision Capital, a subsidiary of Sino-Suisse, a Singaporean financial institution, and CK Asset provided financing.

CK, a luxury residential project, is a rare high-quality real estate project in the Hong Kong market, regardless of its mid-level location and landscape. Most of the residential units have a view of the Victoria Harbour. The residential parking spaces in this area are in more demand than supply. Even more rarely, CK Assets provides financing services.

According to the website of Sino Suisse Capital Pte, in 2017, Liu Chung Hsing (Alber Liu) founded Singapore Sino-Suisse and obtained a license issued by the Monetary Authority of Singapore (MAS). Prior to that, Liu Chung Hsing served as the Managing Director of UBS Singapore Branch and the Head of the Global Ultra High-Net-Worth (UHNW) China National Team. Many of the current Sino-Suisse management have also worked at UBS.