A company linked to CSI Properties chairman and founder Mico Chung and his wife has sold a luxury house on The Peak for HK$105 million (US$13.4 million), according to official records. Aqua Sole Company sold the property at 27 Plantation Road to Hu Hanyang in a transaction completed on June 12, according to Land Registry records. Companies Registry filings show that Chung and his wife, Nina Kan Souk-yin, are shareholders of Aqua Sole. The company acquired the property in 1993 for HK$12 million,...

New homes that Hong Kong developers will launch in the coming days and weeks will serve as a crucial test of the impact of Beijing’s latest capital-control measures, amid signs of recovery in the city’s residential property market. “Seemingly, a number of developers have turned more cautious in launching primary projects of late,” said Jack Tong, director of research and consultancy at Savills Hong Kong. Mainland Chinese buyers had accounted for about a third of all home purchases in Hong Kong...