Lee Shau-kee's Son Pays $8,747 Per Foot for Land for a New Hong Kong Home

Martin Lee, a son of property billionaire Lee Shau-kee, bought a site on Hong Kong’s Peak and said it was for family use. The auctioneer, Joseph Tsang, said the price was HK$68,200 ($8,747) per square foot.

To contact the reporter on this story: Chia-Peck Wong in Hong Kong at cpwong@bloomberg.net

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