Project Description

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