A Hong Kong -US -investment bank Goldman Sachs holds a majority of equity in office buildings, which has reduced the asking price at least one -third, highlighting the sluggishness of the real estate market in Hong Kong.
Bloomberg quoted people familiar with the matter and said that the 88WL office building on the 25th floor of the building height is located near the central ring adjacent to the core business district; due to failure to attract buyers, the asking price has been reduced to about 900 million Hong Kong dollars (The same is the same, about 157 million yuan).
One of the people familiar with the matter said that earlier this year, the seller expects the price of the building to sell for more than 1.3 billion Hong Kong dollars.
The person familiar with the matter also said that Kailong Rui Group, a real estate private equity fund based in Shanghai, is also an investor in the building and is commissioned to sell the property.
It is unclear whether Goldman Sachs is on its own balance sheet, or a shares of the office building on behalf of customers.
