China-US ties hold up property deal with Hong Kong consulate: Hang Lung


A security guard takes photos at the gates of 37 Shouson Hill Road in southern Hong Kong on Dec 30, 2020, part of a multibillion-dollar property of six mansions owned by the US Consulate General in the city. - AFP

HONG KONG (Reuters): Hong Kong developer Hang Lung Properties said it was unable to complete the purchase of a property owned by the US consulate as scheduled on Wednesday (Dec 30) because it involved foreign affairs between China and the United States.

The latest twist in the US$331.5 million deal in an upscale location in the financial hub comes amid growing tension between the world's two biggest economies over a host of issues.

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