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Luxury Hong Kong Property Up for Tender, Bids Expected to Drop

3/17/2026

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Summary

Story summary

Chan King-wai, founder of King Wai Group in the 1980s, owns a luxury residential property on Peak Road in Hong Kong that is up for public tender.
The property includes adjoining sites at 86, 88, and 90 Peak Road, totaling about 28,620 square feet.
Marketing agent JLL estimates bids could range from HK$70,000 to HK$100,000 per square foot, lower than the owner's purchase price.

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Story summary

Chan King-wai, founder of King Wai Group in the 1980s, owns a luxury residential property on Peak Road in Hong Kong that is up for public tender.
The property includes adjoining sites at 86, 88, and 90 Peak Road, totaling about 28,620 square feet.
Marketing agent JLL estimates bids could range from HK$70,000 to HK$100,000 per square foot, lower than the owner's purchase price.