--- title: "Great Eagle chairman's brother sells Hong Kong properties as market recovers" type: "News" locale: "en" url: "https://longbridge.com/en/news/280093188.md" description: "Lo Ying-sui, brother of Great Eagle Holdings chairman Lo Ka-shui, is selling residential properties in Hong Kong as the market shows signs of recovery. Recent sales include a HK$19 million unit at The Harbourside and a HK$21.8 million unit at The Avenue, totaling HK$40.8 million. Despite market stabilization, some investors prefer liquidity over market uncertainties. Great Eagle has also been acquiring properties, totaling over HK$96 million. February saw a 4% increase in property transactions, indicating a recovering housing sector after years of decline." datetime: "2026-03-23T03:36:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280093188.md) - [en](https://longbridge.com/en/news/280093188.md) - [zh-HK](https://longbridge.com/zh-HK/news/280093188.md) --- # Great Eagle chairman's brother sells Hong Kong properties as market recovers Commercial and residential buildings are seen in Hong Kong. Photo by AFP Land Registry records show Joy Eagle, a company directed by Lo and his wife Lim Boon Tuang Lynda, sold a unit to King Faith International for HK$19 million (US$2.4 million) on March 17, _South China Morning Post_ reported. The property is a 750-square-foot, two-bedroom unit at The Harbourside in Kowloon Station. Fetching roughly HK$25,333 per square foot, the transaction leaves the seller with a modest profit after several years of ownership. This follows another recent sale linked to Lo, involving a HK$21.8 million unit at The Avenue in Wan Chai, according to earlier reports from Chinese media. Together, these two deals generated approximately HK$40.8 million. Angus Luk, senior director at CBRE, noted that while buyers are returning as prices stabilize, some investors prefer maintaining liquidity over uncertain market cycles. "Now that the market has improved, there are buyers willing to take over these properties," Luk told _SCMP_. "If they had sold earlier, they might not have made a profit, but now they can." Meanwhile, Great Eagle and Lo Ka-shui’s family have been actively capitalizing on weaker pricing. Great Eagle management recently purchased multiple units in developments like The Henley in Kai Tak, Lohas Park, and a project near Kam Sheung Road station, totaling over HK$96 million combined. "Conservative investors prefer not to take on too much leverage," Luk added. "Selling now also means they could use the cash to fund recently acquired projects." These transactions occur against the backdrop of a stabilizing Hong Kong housing sector after years of decline. Following a 30% plunge from their 2021 peak, lived-in home prices crept up 2% in the first two months of 2026, after a 3.3% rise in 2025. Overall market activity is also accelerating. According to Land Registry data, February saw 7,949 property transactions in Hong Kong, marking a 4% increase from the previous month and hitting the second-highest level in nearly two years. "Some second-hand homebuyers entered the market earlier before the holiday, as they were concerned prices could be higher if they waited," said Derek Chan, head of research at Ricacorp Properties. According to an interim report of Great Eagle, Lo has a Doctor of Medicine degree from the University of Chicago and is a specialist in cardiology and an honorary clinical associate professor at the Chinese University of Hong Kong Faculty of Medicine. He is also Great Eagle’s non-executive director. ### Related Stocks - [159768.CN](https://longbridge.com/en/quote/159768.CN.md) - [159940.CN](https://longbridge.com/en/quote/159940.CN.md) - [159707.CN](https://longbridge.com/en/quote/159707.CN.md) - [512200.CN](https://longbridge.com/en/quote/512200.CN.md) - [00041.HK](https://longbridge.com/en/quote/00041.HK.md) - [515060.CN](https://longbridge.com/en/quote/515060.CN.md) ## Related News & Research - [Fantasia Sets 2026 AGM to Approve Accounts, Board Mandates and Share Issuance Authority](https://longbridge.com/en/news/286561635.md) - [Evergrande liquidators seek $8.4 billion from PwC, accusing it of negligent audits](https://longbridge.com/en/news/286780890.md) - [ZAWYA: Innovate Living breaks ground On Omoria Private Residences at Dubai Islands, advancing $545 million pipeline](https://longbridge.com/en/news/286915142.md) - [ZAWYA: ALDAR expands Dubai residential rental market presence with AED 1.1bln acquisition](https://longbridge.com/en/news/286363673.md) - [Emirates Palace to launch luxury private residences in Abu Dhabi](https://longbridge.com/en/news/286848438.md)