Hong Kong Billionaire Rita Tong Liu with $2.5 Billion Fortune Real Estate Investment Company Gale Well Group Sells 26th Floor of The Center for $44 Million (HKD 345 Million) to Law Society of Hong Kong Which is 50.2% Lower Price than Buying Price (HKD 693 Million) in 2021, Gale Well Group Founded in 1976 by Rita Tong Liu & Brothers (Jacinto Tong Man-leung & Luis Tong)
30th July | Hong Kong
Hong Kong billionaire Rita Tong Liu with $2.5 billion fortune real estate investment company Gale Well Group has sold the 26th floor of The Center for $44 million (HKD 345 million) to the Law Society of Hong Kong, which is 50.2% lower price than buying price (HKD 693 million) in 2021. Gale Well Group was founded in 1976 by Rita Tong Liu & her brothers (Jacinto Tong Man-leung & Luis Tong). In 2024 November, Singapore largest bank DBS bought the 75th floor of The Center (6/11/24) in Hong Kong for $83 million (HKD 646 million). In 2024 September, DBS bought the 66th floor of The Center for $90 million (HKD 700 million). Both 75th Floor & 66th floor were bought from Hong Kong tycoon David Chan Ping-chi. The Center is the 5th tallest building in Hong Kong. Gale Well Group – Established in 1976, Gale Well Group has been a prominent player in Hong Kong’s real estate scene. Our journey began with a focus on luxury housing before expanding into the commercial office sector. Over the years, we have diversified our portfolio to encompass a wide array of residential, commercial, office, and industrial properties. Our portfolio features some of Hong Kong’s most prestigious properties, including entire floors in renowned buildings such as Grand Millennium Plaza, Shun Tak Centre, Far East Financial Centre, Lippo Centre, and Admiralty Centre. With a focus on grade-A offices, we provide prime locations and top-tier amenities to cater to our clients’ diverse needs. Background – Gale Well Group stands as a prominent figure in Hong Kong’s real estate landscape, led by the visionary Rita Tong Liu, a renowned real estate tycoon with an impressive property portfolio. Since 1976, Gale Well Group has been a key player in the industry, initially focusing on luxury housing before strategically transitioning to commercial office space. Rita, supported by her brothers Jacinto and Luis, along with her son Jeffery, has steered the company towards remarkable success. With a significant presence in prestigious office buildings like the China Insurance Group Building and Austin Plaza, as well as owning entire floors in iconic structures such as Grand Millennium Plaza and Shun Tak Centre, Gale Well Group has solidified its position as a leader in the market. Rita’s commitment to excellence have garnered recognition, with Rita being listed among Hong Kong’s 50 wealthiest individuals by Forbes since 2017. Specializing in the investing and leasing of residential, commercial, office, and industrial properties, Gale Well Group made a strategic move into commercial office space in 2003, with a focus on grade-A offices. The company’s impressive property stable includes key holdings in prime locations such as Grand Millennium Plaza on Queen’s Road, Shun Tak Centre on Connaught Road, and the Far East Financial Centre, Lippo Centre, and Admiralty Centre in Admiralty. Join us at Gale Well Group as we continue to redefine the real estate landscape in Hong Kong with a commitment to quality, innovation, and exceptional service.
“ Hong Kong Billionaire Rita Tong Liu with $2.5 Billion Fortune Real Estate Investment Company Gale Well Group Sells 26th Floor of The Center for $44 Million (HKD 345 Million) to Law Society of Hong Kong Which is 50.2% Lower Price than Buying Price (HKD 693 Million) in 2021, Gale Well Group Founded in 1976 by Rita Tong Liu & Brothers (Jacinto Tong Man-leung & Luis Tong) “
Singapore Largest Bank DBS Buys 75th Floor of The Center in Hong Kong for $83 Million (HKD 646 Million), Had Bought 66th Floor of The Center for $90 Million (HKD 700 Million) in 2024 September, Both 75th Floor & 66th Floor Were Bought from Hong Kong Tycoon David Chan Ping-chi
9th November 2024 – Singapore largest bank DBS has bought the 75th floor of The Center (6/11/24) in Hong Kong for $83 million (HKD 646 million). In 2024 September, DBS had bought the 66th floor of The Center for $90 million (HKD 700 million). Both 75th Floor & 66th floor were bought from Hong Kong tycoon David Chan Ping-chi. The Center is the 5th tallest building in Hong Kong.
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