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Bloomberg
US government is selling its Hong Kong consulate staff quarters, estimated to be worth more than $400 million, amid rising tension over the city’s future.
The compound is located in Shouson Hill, on the southern side of Hong Kong Island, where some of the city’s richest tycoons, including Li Ka-Shing, own houses. Comprising several apartment buildings spread over almost 95,000 square feet of land, the property is worth between HK$3.1 billion and HK$3.5 billion, according to Vincorn Consulting and Appraisal.
The moves comes as protests rock Hong Kong and tensions rise between the US and China over new Beijing-backed national security legislation in the city, that critics say will restrict freedoms in Hong Kong.