Skip to content
Subscriber Only

Hong Kong Lawmakers Meet on Henderson Collapsed Apartment Sales

Hong Kong’s Legislative Council today holds its first special session to discuss Henderson Land Development Co.’s collapsed sale of 20 luxury apartments worth HK$2.67 billion ($343 million), even after the developer refused to attend the meeting.

Hong Kong’s government increased its scrutiny of property developers after Henderson’s October announcement that one of the apartments sold at 39 Conduit Road had fetched a record HK$88,000 a square foot. Twenty of the 24 sales in the development were later canceled. The government has sought details on the sale agreements.