Entity controlled by Lau’s eldest son Lau Ming-wai and former partner Yvonne Lui turns profit on deal amid firming prices in luxury segment
The 1,948 sq ft flat on a high floor at The Albany sold to Dragon Mind International in a deal registered on Tuesday, according to Land Registry records and information from agents. The previous owner, Mainfair Investment, bought the flat in May 2008 for HK$60.6 million.
The deal valued the property at about HK$51,335 per square foot.
The directors of Mainfair, incorporated in 2008, are Lau Ming-wai and Lui Pui-lam, according to Companies Registry records.
Lau Ming-wai is the tycoon’s eldest son, while Lui, also known as Yvonne Lui Lai-kwan, is the mother of the magnate’s two other children.
Source: News - South China Morning Post
