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Stock impact report

Swire Pacific boss buys US$6.4 million Hong Kong flat as investors' property faith return [Yahoo! Finance]

SWIRE PACIFIC LTD B S/ADR (SWRBY) 
NASDAQ:AMEX Investor Relations: swirepacific.com/en/ir/ir_index.php
Company Research Source: Yahoo! Finance
The low-density luxury apartment with a saleable area of 2,832 sq ft, located at 10A-10B Stanley Beach Road, was sold to Bradley at HK$17,655 per square foot, according to Midland Realty. The chairman "had been searching for an investment on Hong Kong Island because he remains optimistic about the outlook for the luxury residential property sector", Midland, the city's largest residential property agency, said in a statement on Sunday. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. It added that "significant capital" was flowing into high-quality luxury homes, the latest sign of improved sentiment towards Hong Kong's home market. Swire Pacific controls Swire Properties, one of Hong Kong's oldest and largest builders of luxury homes and grade A offices, as well as Cathay Pacific Ai Show less Read more
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