We sold the House situated at 22 Barker Road by way of a sale of the shares and loans in the company holding the property on behalf of a trust. In this complex transaction, our corporate team collaborated with our property team to deal with various aspects of the transaction from end April 2015 to early August 2015 when completion took place.

There was unconfirmed news that Mr Jack Ma, chairman of the Alibaba Group Holding Ltd, owned the purchaser and he paid about HK$151,653 per square foot for the 9,900 sq ft, three-storeyed mansion at the Peak. It has been further reported that the property was the second most expensive mansion in the world per square foot.

Our senior associate Olson Lai and our senior partner Peter Sit handled the corporate commercial aspects and our partner Margaret Choi, associate Maggie Lee and trainee solicitor Jason Ho handled the property aspects of the sale.