Tycoon’s daughter buys Asia’s priciest apartment

HONG KONG: Lau Chauin, the daughter of the chairman of Heungkong Group Co, has been revealed as the buyer of Asia’s most expensive apartment, according to a report by the South China Morning Post.

The daughter of Lau Chi-keung last month bought flats 16C and 16D in the Mount Nicholson development on The Peak, paying a combined HK$1.2bil (US$154mil or RM650mil), the newspaper reported, citing a source close to the deal.