Project Description
The Sky House
The Sky House, an iconic triplex penthouse located in Tower Three of One Central Residences, one of the most desirable addresses in Macau, was divested in late March 2013.
The divestment generated a net profit of HK$47.1 million (c. US$6 million) over the original acquisition cost of HK$98 million (c. US$12.8 million) in April 2012, after all associated fees and transaction costs. This equates to a return on equity investment of 92%.
Project Details
April 2012
Acquisition date
March 2013
Divestment date
Investment
Project type
Macau Peninsula
Location
Residential (premium luxury)
Sector
8,200 sqft / 760 sq m
Est. gross floor area
Exited
Current status
MPO
Underlying fund