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39 Conduit Road - Wikipedia

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class="vector-toc-numb">2</span> <span>Configuration</span> </div> </a> <ul id="toc-Configuration-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Selling_strategy" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Selling_strategy"> <div class="vector-toc-text"> <span class="vector-toc-numb">3</span> <span>Selling strategy</span> </div> </a> <ul id="toc-Selling_strategy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-World_record_price" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#World_record_price"> <div class="vector-toc-text"> <span class="vector-toc-numb">4</span> <span>World record price</span> </div> </a> <ul id="toc-World_record_price-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Power_of_developers_and_controversy_over_deceptive_marketing" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Power_of_developers_and_controversy_over_deceptive_marketing"> <div class="vector-toc-text"> <span class="vector-toc-numb">5</span> <span>Power of developers and controversy over deceptive marketing</span> </div> </a> <ul id="toc-Power_of_developers_and_controversy_over_deceptive_marketing-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-Delayed_completions_controversy" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#Delayed_completions_controversy"> <div class="vector-toc-text"> <span class="vector-toc-numb">6</span> <span>Delayed completions controversy</span> </div> </a> <ul id="toc-Delayed_completions_controversy-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-See_also" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#See_also"> <div class="vector-toc-text"> <span class="vector-toc-numb">7</span> <span>See also</span> </div> </a> <ul id="toc-See_also-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-References" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#References"> <div class="vector-toc-text"> <span class="vector-toc-numb">8</span> <span>References</span> </div> </a> <ul id="toc-References-sublist" class="vector-toc-list"> </ul> </li> <li id="toc-External_links" class="vector-toc-list-item vector-toc-level-1 vector-toc-list-item-expanded"> <a class="vector-toc-link" href="#External_links"> <div class="vector-toc-text"> <span class="vector-toc-numb">9</span> <span>External links</span> </div> </a> <ul id="toc-External_links-sublist" class="vector-toc-list"> </ul> </li> </ul> </div> </div> </nav> </div> </div> <div class="mw-content-container"> <main id="content" class="mw-body"> <header class="mw-body-header vector-page-titlebar"> <nav aria-label="Contents" class="vector-toc-landmark"> <div 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mw-first-heading"><span class="mw-page-title-main">39 Conduit Road</span></h1> <div id="p-lang-btn" class="vector-dropdown mw-portlet mw-portlet-lang" > <input type="checkbox" id="p-lang-btn-checkbox" role="button" aria-haspopup="true" data-event-name="ui.dropdown-p-lang-btn" class="vector-dropdown-checkbox mw-interlanguage-selector" aria-label="Go to an article in another language. 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href="https://geohack.toolforge.org/geohack.php?pagename=39_Conduit_Road&amp;params=22.2816_N_114.1469_E_type:landmark"><span class="geo-nondefault"><span class="geo-dms" title="Maps, aerial photos, and other data for this location"><span class="latitude">22°16′54″N</span> <span class="longitude">114°08′49″E</span></span></span><span class="geo-multi-punct">&#xfeff; / &#xfeff;</span><span class="geo-default"><span class="geo-dec" title="Maps, aerial photos, and other data for this location">22.2816°N 114.1469°E</span><span style="display:none">&#xfeff; / <span class="geo">22.2816; 114.1469</span></span></span></a></span></span></div></div> </div> <div id="siteSub" class="noprint">From Wikipedia, the free encyclopedia</div> </div> <div id="contentSub"><div id="mw-content-subtitle"></div></div> <div id="mw-content-text" class="mw-body-content"><div class="mw-content-ltr mw-parser-output" lang="en" dir="ltr"><div class="shortdescription nomobile noexcerpt noprint searchaux" style="display:none">Housing block in Mid-Levels, Hong Kong</div> <p class="mw-empty-elt"> </p> <style data-mw-deduplicate="TemplateStyles:r1257001546">.mw-parser-output .infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><table class="infobox vcard"><tbody><tr><th colspan="2" class="infobox-above fn org">39 Conduit Road</th></tr><tr><td colspan="2" class="infobox-subheader"><div class="nickname"><span title="Yue Chinese-language text"><span lang="yue-HK">天匯</span></span></div></td></tr><tr><td colspan="2" class="infobox-image" style="text-align: center"><span class="mw-image-border" typeof="mw:File"><a href="/wiki/File:39_Conduit_Road_back.jpg" class="mw-file-description"><img alt="46-storey building" src="//upload.wikimedia.org/wikipedia/commons/thumb/5/58/39_Conduit_Road_back.jpg/250px-39_Conduit_Road_back.jpg" decoding="async" width="250" height="333" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/5/58/39_Conduit_Road_back.jpg/375px-39_Conduit_Road_back.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/5/58/39_Conduit_Road_back.jpg/500px-39_Conduit_Road_back.jpg 2x" data-file-width="1920" data-file-height="2560" /></a></span></td></tr><tr><td colspan="2" class="infobox-image" style="text-align: center"><a class="mw-kartographer-map notheme mw-kartographer-container center" style="width: 250px; height: 200px;" data-mw-kartographer="mapframe" data-style="osm-intl" data-width="250" data-height="200" data-zoom="13" data-overlays="[&quot;_13b65d72e24ee51453a8f71aff0b9b2d0a0dbe69&quot;]"><img src="https://maps.wikimedia.org/img/osm-intl,13,a,a,250x200.png?lang=en&amp;domain=en.wikipedia.org&amp;title=39_Conduit_Road&amp;revid=1242373398&amp;groups=_13b65d72e24ee51453a8f71aff0b9b2d0a0dbe69" width="250" height="200" decoding="async" srcset="https://maps.wikimedia.org/img/osm-intl,13,a,a,250x200@2x.png?lang=en&amp;domain=en.wikipedia.org&amp;title=39_Conduit_Road&amp;revid=1242373398&amp;groups=_13b65d72e24ee51453a8f71aff0b9b2d0a0dbe69 2x" alt="Map" /></a></td></tr><tr><th colspan="2" class="infobox-header" style="background-color:#ededed;color:#000;">General information</th></tr><tr><th scope="row" class="infobox-label">Type</th><td class="infobox-data category">single tower</td></tr><tr><th scope="row" class="infobox-label">Location</th><td class="infobox-data label">39 <a href="/wiki/Conduit_Road" title="Conduit Road">Conduit Road</a>, Hong Kong</td></tr><tr><th scope="row" class="infobox-label"><a href="/wiki/Geographic_coordinate_system" title="Geographic coordinate system">Coordinates</a></th><td class="infobox-data"><span class="geo-inline"><style data-mw-deduplicate="TemplateStyles:r1156832818">.mw-parser-output .geo-default,.mw-parser-output .geo-dms,.mw-parser-output .geo-dec{display:inline}.mw-parser-output .geo-nondefault,.mw-parser-output .geo-multi-punct,.mw-parser-output .geo-inline-hidden{display:none}.mw-parser-output .longitude,.mw-parser-output .latitude{white-space:nowrap}</style><span class="plainlinks nourlexpansion"><a class="external text" href="https://geohack.toolforge.org/geohack.php?pagename=39_Conduit_Road&amp;params=22.2816_N_114.1469_E_type:landmark"><span class="geo-nondefault"><span class="geo-dms" title="Maps, aerial photos, and other data for this location"><span class="latitude">22°16′54″N</span> <span class="longitude">114°08′49″E</span></span></span><span class="geo-multi-punct">&#xfeff; / &#xfeff;</span><span class="geo-default"><span class="geo-dec" title="Maps, aerial photos, and other data for this location">22.2816°N 114.1469°E</span><span style="display:none">&#xfeff; / <span class="geo">22.2816; 114.1469</span></span></span></a></span></span></td></tr><tr><th scope="row" class="infobox-label">Construction started</th><td class="infobox-data">2006</td></tr><tr class="note"><th scope="row" class="infobox-label">Completed</th><td class="infobox-data">March 2009</td></tr><tr><th scope="row" class="infobox-label">Landlord</th><td class="infobox-data"><a href="/wiki/Henderson_Land_Development" title="Henderson Land Development">Henderson Land Development</a></td></tr><tr><th scope="row" class="infobox-label">Height</th><td class="infobox-data">190.9 metres (626&#160;ft)<sup id="cite_ref-1" class="reference"><a href="#cite_note-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th colspan="2" class="infobox-header" style="background-color:#ededed;color:#000;">Technical details</th></tr><tr><th scope="row" class="infobox-label">Floor count</th><td class="infobox-data">46</td></tr><tr><th scope="row" class="infobox-label">Floor area</th><td class="infobox-data">229,255 square feet (21,298.5&#160;m<sup>2</sup>)<sup id="cite_ref-HLDacquires_2-0" class="reference"><a href="#cite_note-HLDacquires-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup></td></tr><tr><th colspan="2" class="infobox-header" style="background-color:#ededed;color:#000;">Design and construction</th></tr><tr><th scope="row" class="infobox-label">Architect(s)</th><td class="infobox-data">Arthur Au<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (January 2022)">citation needed</span></a></i>&#93;</sup></td></tr><tr><th scope="row" class="infobox-label">Architecture firm</th><td class="infobox-data">Dennis Lau &amp; Ng Chun Man Architects &amp; Engineers (HK) Ltd.<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (January 2022)">citation needed</span></a></i>&#93;</sup></td></tr><tr><th scope="row" class="infobox-label">Structural engineer</th><td class="infobox-data">Stephen Cheng Consulting Engineers<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (January 2022)">citation needed</span></a></i>&#93;</sup></td></tr><tr><th scope="row" class="infobox-label">Civil engineer</th><td class="infobox-data"><a href="/wiki/Ove_Arup" title="Ove Arup">Ove Arup</a> &amp; Partners Hong Kong Ltd<sup class="noprint Inline-Template Template-Fact" style="white-space:nowrap;">&#91;<i><a href="/wiki/Wikipedia:Citation_needed" title="Wikipedia:Citation needed"><span title="This claim needs references to reliable sources. (January 2022)">citation needed</span></a></i>&#93;</sup></td></tr><tr><th scope="row" class="infobox-label">Main contractor</th><td class="infobox-data">Heng Shung Constrn. Co. Ltd.<br />(subsidiary of developer)</td></tr><tr><th colspan="2" class="infobox-header" style="background-color:#ededed;color:#000;"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546"></th></tr><tr style="display:none;"><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546"></td></tr><tr><th colspan="2" class="infobox-header" style="color: #202122;background-color: #b0c4de;">Chinese name</th></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Traditional_Chinese_characters" title="Traditional Chinese characters">Traditional&#160;Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hant" style="font-size: 1rem;">天匯</span></span></td></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Simplified_Chinese_characters" title="Simplified Chinese characters">Simplified&#160;Chinese</a></th><td class="infobox-data"><span title="Chinese-language text"><span lang="zh-Hans" style="font-size: 1rem;">天汇</span></span></td></tr><tr><td colspan="2" class="infobox-full-data"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1257001546"><table class="infobox-subbox mw-collapsible mw-collapsed" style="display:inline-table; text-align: left;"><tbody><tr><th colspan="2" class="infobox-above" style="font-size: 100%; text-align: left;color: #202122; background-color: #f9ffbc;">Transcriptions</th></tr><tr><th colspan="2" class="infobox-header" style="color: #202122;background-color: #dcffc9;"><a href="/wiki/Standard_Chinese" title="Standard Chinese">Standard Mandarin</a></th></tr><tr><th scope="row" class="infobox-label" style="font-weight:normal;"><a href="/wiki/Hanyu_Pinyin" class="mw-redirect" title="Hanyu Pinyin">Hanyu Pinyin</a></th><td class="infobox-data"><span title="Chinese-language romanization"><span style="font-style: normal" lang="zh-Latn">tiān huì</span></span></td></tr></tbody></table></td></tr><tr style="display:none"><td colspan="2"> </td></tr><tr style="display:none"><th colspan="2"> </th></tr><tr><th colspan="2" class="infobox-header" style="background-color:#ededed;color:#000;">References</th></tr><tr><td colspan="2" class="infobox-full-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.39conduitroad.com.hk">www<wbr />.39conduitroad<wbr />.com<wbr />.hk</a></span></td></tr></tbody></table> <p><b>39 Conduit Road</b> is a <a href="/wiki/Luxury_apartment" title="Luxury apartment">luxury</a> residential property situated in <a href="/wiki/Conduit_Road" title="Conduit Road">Conduit Road</a> in western <a href="/wiki/Mid-Levels" title="Mid-Levels">mid-Levels</a> of Hong Kong. It was developed by <a href="/wiki/Henderson_Land_Development" title="Henderson Land Development">Henderson Land Development</a>. </p><p>Soon after the development was launched in October 2009, the developer claimed to have sold a five-bedroom duplex flat, on the "68th floor" of the 46-story building for <a href="/wiki/Hong_Kong_dollar" title="Hong Kong dollar">HK$</a>439&#160;million (US$57m). The price, equating to US$9,200 per square foot, set the new world record for the most expensive apartment.<sup id="cite_ref-wra_3-0" class="reference"><a href="#cite_note-wra-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> </p><p>There were criticisms of deceptive marketing in which the developers launched the project omitting 42 intermediate floor numbers.<sup id="cite_ref-afp-albertho_4-0" class="reference"><a href="#cite_note-afp-albertho-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> The development was once again the subject of controversy when only one sale had been completed within the commonly accepted three-month completion period;<sup id="cite_ref-scmp-loancurbs_5-0" class="reference"><a href="#cite_note-scmp-loancurbs-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> and all but four transactions, including the record-setting sale, were later cancelled. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="Plot_history">Plot history</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=1" title="Edit section: Plot history"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The incarnation of 39 prior to the Henderson development was known as "Rocky Mount". This eleven-storey building which was completed in 1965 had a total of 44 units, was used by civil servants. Henderson chairman <a href="/wiki/Lee_Shau-kee" title="Lee Shau-kee">Lee Shau-kee</a> began acquiring units in the residence in the 1990s. He stepped up the pace of purchases from about 2001. He initially paid HK$4 million per unit, and later units were acquired for HK$8–9 million, by which time he had amassed 41 of the 44 units. Henderson applied to the Lands Tribunal for compulsory purchase of the remaining 3 units, but this became unnecessary following an operation with Peterson Holdings Co Ltd. The 3 remaining units were eventually bought out for an average cost of HK$12 million. Lee Shau-kee, who originally owned 60 percent equity of the site of the luxury building, sold it to the company for HK$1.75 billion ($225m), or HK$12,759 psf.<sup id="cite_ref-hks20091015_6-0" class="reference"><a href="#cite_note-hks20091015-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Configuration">Configuration</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=2" title="Edit section: Configuration"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The project has 45 stories above ground.<sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> </p><p>The developer gives the gross floor area at approximately 229,255 square feet (21,300&#160;m<sup>2</sup>), comprising a single tower with 6-storey podium car park, 1-storey club house and 39 residential floors. The development provides 66 residential units and 104 car parking spaces;<sup id="cite_ref-HLDacquires_2-1" class="reference"><a href="#cite_note-HLDacquires-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> its 66 units range in size, from 2,800 square feet (260&#160;m<sup>2</sup>) to about 7,600 square feet (710&#160;m<sup>2</sup>).<sup id="cite_ref-hks20091014_8-0" class="reference"><a href="#cite_note-hks20091014-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Selling_strategy">Selling strategy</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=3" title="Edit section: Selling strategy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The developer announced it would sell 40 percent of the units in 2009. Two duplexes on the "66th floor" the building were listed – the 5,636-square-foot (523.6&#160;m<sup>2</sup>) unit was price-tagged at HK$357.7 million, and the 5,131-square-foot (476.7&#160;m<sup>2</sup>) unit is listed at HK$311.4 million. Prior to the launch, Henderson has suggested it might ask HK$100,000 psf for the two <a href="/wiki/Penthouse_apartment" title="Penthouse apartment">penthouse apartments</a> on the "88th floor" not on the initial sale list.<sup id="cite_ref-hks20091014_8-1" class="reference"><a href="#cite_note-hks20091014-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="World_record_price">World record price</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=4" title="Edit section: World record price"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>One 6,158 square feet (572.1&#160;m<sup>2</sup>) duplex apartment, the larger of two on the "68th floor" the building,<sup id="cite_ref-hks20091015_6-1" class="reference"><a href="#cite_note-hks20091015-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> has its own ballroom, outdoor swimming pool, fitness centre and outdoor patio.<sup id="cite_ref-NYT20091014_9-0" class="reference"><a href="#cite_note-NYT20091014-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> The headline price of HK$71,280 per square foot was achieved.<sup id="cite_ref-hks20091015_6-2" class="reference"><a href="#cite_note-hks20091015-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> The definition of the floor area is unlike that in most other real estate markets; usable living space which includes the 340 square feet (32&#160;m<sup>2</sup>) garden, and its share of communal areas. Based on a more common international measure, the square foot price would be about HK$88,000, or US$11,350 ($1,032 per square metre).<sup id="cite_ref-NYT20091014_9-1" class="reference"><a href="#cite_note-NYT20091014-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> According to the developer, it was sold to an unnamed buyer from <a href="/wiki/Mainland_China" title="Mainland China">mainland China</a> through a locally registered company.<sup id="cite_ref-NYT20091014_9-2" class="reference"><a href="#cite_note-NYT20091014-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> A second unit on the same floor fetched HK$397&#160;million or HK$64,605 psf.<sup id="cite_ref-hks20091015_6-3" class="reference"><a href="#cite_note-hks20091015-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup> There was much controversy about price fixing by Henderson Land Development when the company announced that it had sold a duplex apartment in the building for a record-breaking price in 2009 to an undisclosed buyer; later it was found that the buyer was a company registered in the British Virgin Islands. Not long after that it came to light that all 24 flats that Henderson Land Development had sold were bought by companies registered in the British Virgin Islands and all of them were registered by the same law firm.<sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup> </p><p>In March 2015, one of its units was sold for a price of HK$433 million, with the price per sqft. amounting to HK$93,000. This supersedes the HK$82,000 price per sq.ft. record set by Swire Properties’ <a href="/wiki/Opus_Hong_Kong" title="Opus Hong Kong">Opus Hong Kong</a> and throughout Asia in 2012. Although it was sold at a higher price of HK$439 million in 2009, the lower stamp duty rate at the time resulted in a lower price per square foot. The buyer is confirmed to be a non-Hong Kong resident and therefore the stamp duty payable represents a total of 23.5%, which means the buyer will have to pay over HK$100 million in stamp duty expenses.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> </p><p>It is Asia's most expensive property, according to the World Records Academy – the previous world record was set in London, where a flat in <a href="/wiki/One_Hyde_Park" title="One Hyde Park">One Hyde Park</a> was sold for US$9,585 per square foot.<sup id="cite_ref-wra_3-1" class="reference"><a href="#cite_note-wra-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> The previous Asian record was set in June 2008, when <a href="/wiki/Sun_Hung_Kai_Properties" title="Sun Hung Kai Properties">Sun Hung Kai Properties</a> sold a 5,497 square feet (510.7&#160;m<sup>2</sup>) penthouse at <a href="/wiki/The_Arch_(Hong_Kong)" class="mw-redirect" title="The Arch (Hong Kong)">The Arch</a> for HK$41,100 per square foot.<sup id="cite_ref-hks20091014_8-2" class="reference"><a href="#cite_note-hks20091014-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> The record price set off concerns about a property bubble, and talk of the possibility of liberalising the supply of building land from the government.<sup id="cite_ref-wsj20091015_12-0" class="reference"><a href="#cite_note-wsj20091015-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> Experts, however, disagreed that there was any bubble, saying that property of this type was not representative of the mass housing market.<sup id="cite_ref-hks20091021_13-0" class="reference"><a href="#cite_note-hks20091021-13"><span class="cite-bracket">&#91;</span>13<span class="cite-bracket">&#93;</span></a></sup> </p><p>The chairman of another developer, <a href="/wiki/Hang_Lung_Properties" title="Hang Lung Properties">Hang Lung Properties</a>, expressed scepticism over the square foot price achieved, but the Henderson chairman insisted the price was real.<sup id="cite_ref-hks20091022_14-0" class="reference"><a href="#cite_note-hks20091022-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> Henderson admitted that the buyer of the record-breaking flat bought six units, whilst the <i><a href="/wiki/South_China_Morning_Post" title="South China Morning Post">South China Morning Post</a></i> reported an unnamed source which said all 24 units were bought by the same individual. The <i>SCMP</i> noted that all 24 flats sold on the first day were bought by <a href="/wiki/British_Virgin_Islands" title="British Virgin Islands">BVI</a>-registered <a href="/wiki/Shell_companies" class="mw-redirect" title="Shell companies">shell companies</a>, and were handled by the same firm of solicitors. Market scepticism of the record prices achieved were due principally to the apparent over-valuation – the average price achieved was $40,000/sf, said to be at least 50 percent higher than an equivalent property nearby on Robinson Road according to estate agencies; a typical property would yield gross rental of two percent, compared to the market average of five.<sup id="cite_ref-scmp20091114_15-0" class="reference"><a href="#cite_note-scmp20091114-15"><span class="cite-bracket">&#91;</span>15<span class="cite-bracket">&#93;</span></a></sup> In May 2010, after having paying HK$1.82&#160;billion for a plot of land on <a href="/wiki/Victoria_Peak" title="Victoria Peak">the Peak</a> for the family residence, Lee Shau-kee admitted his son had considered the penthouse at the development, but was deterred by the asking price.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">&#91;</span>16<span class="cite-bracket">&#93;</span></a></sup> </p><p>A 5,732 square feet (532.5&#160;m<sup>2</sup>) 4-bedroom duplex flat on the 46th floor with a 1,754&#160;sq&#160;ft (163.0&#160;m<sup>2</sup>) rooftop terrace was sold in December 2015 for HK$595 million ($76.2 million), or HK$103,700 per sq ft ($143,000 per sq m), making it the most expensive apartment in Asia.<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">&#91;</span>17<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Power_of_developers_and_controversy_over_deceptive_marketing">Power of developers and controversy over deceptive marketing</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=5" title="Edit section: Power of developers and controversy over deceptive marketing"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <figure class="mw-default-size mw-halign-left" typeof="mw:File/Thumb"><a href="/wiki/File:HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/commons/thumb/4/41/HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg/220px-HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg" decoding="async" width="220" height="293" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/4/41/HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg/330px-HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/4/41/HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg/440px-HK_Mid-levels_%E5%B9%B2%E5%BE%B7%E9%81%93_39_Conduit_Road_%E5%A4%A9%E5%8C%AF_Floor_63_Henderson_kitchen_view_mountain_May-2011.jpg 2x" data-file-width="1536" data-file-height="2048" /></a><figcaption>External view from kitchen of "63rd floor" apartment</figcaption></figure> <p>Due to the meaning of <a href="/wiki/Numbers_in_Chinese_culture" class="mw-redirect" title="Numbers in Chinese culture">numbers in Chinese culture</a>, "auspicious" numbering system was adopted by the developers, where the top floor was "88" – Chinese for double fortune. It is already common in Hong Kong for <a href="/wiki/Tetraphobia" title="Tetraphobia">~4th floors not to exist</a>; there is no requirement by the Buildings Department for numbering other than that it being "made in a logical order."<sup id="cite_ref-hks20091022_14-1" class="reference"><a href="#cite_note-hks20091022-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> A total of 42 intermediate floor numbers are omitted from 39 Conduit Road: those missing include 14, 24, 34, 64, all floors between 40 and 59; the floor number which follows 68 is 88.<sup id="cite_ref-hks20091022_14-2" class="reference"><a href="#cite_note-hks20091022-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> The <a href="/wiki/Democratic_Party_(Hong_Kong)" title="Democratic Party (Hong Kong)">Democratic Party</a> accused the developer of misleading the public; <a href="/wiki/Albert_Ho" title="Albert Ho">Albert Ho</a>, its chairman, said "..This is a classic incident to show how powerful big developers are in Hong Kong."<sup id="cite_ref-afp-albertho_4-1" class="reference"><a href="#cite_note-afp-albertho-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> The Consumer Council recognised the accepted common practice of skipping the 13th and 14th floors, but suggested that developers "imaginary heights brought back to earth."<sup id="cite_ref-hks20091022_14-3" class="reference"><a href="#cite_note-hks20091022-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> Henderson said that the floor numbers omitted are in line with information in sales brochures and were not inconsistent with the approved building plans and the occupation permit. Its chairman, Lee Shau-kee, said "buyers like those numbers and we aren't cheating them."<sup id="cite_ref-hks20091022_14-4" class="reference"><a href="#cite_note-hks20091022-14"><span class="cite-bracket">&#91;</span>14<span class="cite-bracket">&#93;</span></a></sup> </p><p><i><a href="/wiki/The_New_York_Times" title="The New York Times">The New York Times</a></i> noted that Hong Kong has had many controversies over whether developers have overstated the square footage of apartments and the value per square foot of property transactions, for example, how to count terraces, common areas and other features.<sup id="cite_ref-NYT20091014_9-3" class="reference"><a href="#cite_note-NYT20091014-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup> An editorial in <i><a href="/wiki/Ming_Pao" title="Ming Pao">Ming Pao</a></i> said: "Though developers have used controversial marketing gimmicks, the government has rarely exercised its powers to protect consumers. Citizens disapprove of developers. Many are convinced that some government policies are excessively favourable to them. That is why the generality of citizens have the impression that the government colludes with businesses."<sup id="cite_ref-18" class="reference"><a href="#cite_note-18"><span class="cite-bracket">&#91;</span>18<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Delayed_completions_controversy">Delayed completions controversy</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=6" title="Edit section: Delayed completions controversy"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>As at the end of March 2010, Land Registry records show only one of the 24 flats sold had been completed on, giving rise to concerns that the developer might have released misleading information. An editorial in the <i>SCMP</i> said greater transparency for property deals is needed: "Unusual sales transactions at 39 Conduit Road [...] call for closer scrutiny of the property market by the authorities. It does not appear that the developers have broken any law. But [...] have given rise to allegations they were seeking to manipulate the market."<sup id="cite_ref-19" class="reference"><a href="#cite_note-19"><span class="cite-bracket">&#91;</span>19<span class="cite-bracket">&#93;</span></a></sup> A reply from Henderson to the Lands Department of 24 March, which said it had entered into a verbal agreement with the 24 buyers to extend the transaction date for two to four months, subject to further extension, was not considered satisfactory by the Finance Committee of Legislative Council, which pressed the Lands Department to summon senior management of Henderson Land to explain in person why the sales of 24 flats in the development could not be completed five months after they were purportedly sold.<sup id="cite_ref-20" class="reference"><a href="#cite_note-20"><span class="cite-bracket">&#91;</span>20<span class="cite-bracket">&#93;</span></a></sup> Following the response, which was not made public, the Lands Department made a second request for more information from the developer; a four-page response was received, in which Henderson explained it allowed the buyers, all unconnected with Henderson, to extend the transaction deadline after the Hong Kong Monetary Authority issued a notice on 23 October to banks to reduce lending to finance purchase of luxury homes.<sup id="cite_ref-scmp-loancurbs_5-1" class="reference"><a href="#cite_note-scmp-loancurbs-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> <i>The Standard</i> reported that the Lands Department remain unsatisfied with why there was only oral agreement on the deferrals.<sup id="cite_ref-21" class="reference"><a href="#cite_note-21"><span class="cite-bracket">&#91;</span>21<span class="cite-bracket">&#93;</span></a></sup> </p><p>On 15 June, Henderson's announcement that all but four of the 24 properties at the development sold in October for record prices had been cancelled was met by uproar. Henderson said that "there was nothing untransparent", and that failure to complete was "very standard" in the industry, and the buyers' initial deposits had been forfeited. The company said the properties would be remarketed.<sup id="cite_ref-wsj_22-0" class="reference"><a href="#cite_note-wsj-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> The government has pledged to follow up on the transactions.<sup id="cite_ref-wsj_22-1" class="reference"><a href="#cite_note-wsj-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-23" class="reference"><a href="#cite_note-23"><span class="cite-bracket">&#91;</span>23<span class="cite-bracket">&#93;</span></a></sup> Current regulations in force are not codified, and are in the form of a voluntary code of conduct agreed with the Property Developers' Association. The revelations, as well as on-going complaints that property sales lacked transparency and allegations of the government's collusion with officials, are putting the government under increasing pressure to enact legislation governing property transactions and render property sales practices more transparent, at the risk of angering at the city's powerful developers.<sup id="cite_ref-wsj_22-2" class="reference"><a href="#cite_note-wsj-22"><span class="cite-bracket">&#91;</span>22<span class="cite-bracket">&#93;</span></a></sup> The only four flats to complete were on the 30th and 31st floors, and had sold for between only HK$37,800 and HK$40,900 a square foot–less than half of the 'record. Combined with the fact that the cancelled deals were all transacted through BVI shell companies, like the law firm which handled the conveyancing, cast suspicion that they were bogus; Lee maintained they were genuine and was prepared to wager 100:1 should the deals be proven false. The Hong Kong Institute of Surveyors said the sale cancellation had done "serious damage to the developer's image and integrity"; legislators from across the political spectrum called for an investigation and further action to deal with market abuses.<sup id="cite_ref-24" class="reference"><a href="#cite_note-24"><span class="cite-bracket">&#91;</span>24<span class="cite-bracket">&#93;</span></a></sup> </p><p>In July 2010, police officers from the Commercial Crime Bureau raided the offices Henderson and those of the legal firm acting for them, taking away documents for the 20 cancelled transactions. In February 2011, the police revealed that four buyers were responsible for the 20 transactions in question, and that they had interrogated three of them; none was arrested. Media in mainland China reported that one of the buyers of three of the apartments was Ding Yuxin (also known as Ding Shumiao), who reported to be party to corruption investigations involving Railways Minister <a href="/wiki/Liu_Zhijun" title="Liu Zhijun">Liu Zhijun</a> and who was herself arrested by mainland authorities in January 2011.<sup id="cite_ref-25" class="reference"><a href="#cite_note-25"><span class="cite-bracket">&#91;</span>25<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="See_also">See also</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=7" title="Edit section: See also"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><a href="/wiki/Opus_Hong_Kong" title="Opus Hong Kong">Opus Hong Kong</a></li> <li><a href="/wiki/List_of_tallest_buildings_in_Hong_Kong" title="List of tallest buildings in Hong Kong">List of tallest buildings in Hong Kong</a></li></ul> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=8" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width" style="column-width: 30em;"> <ol class="references"> <li id="cite_note-1"><span class="mw-cite-backlink"><b><a href="#cite_ref-1">^</a></b></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://web.archive.org/web/20120214081521/http://buildingdb.ctbuh.org/building.php?building_id=2989">"39 Conduit Road"</a>. CTBUH. Archived from <a rel="nofollow" class="external text" href="http://buildingdb.ctbuh.org/building.php?building_id=2989">the original</a> on 14 February 2012<span class="reference-accessdate">. Retrieved <span class="nowrap">25 September</span> 2011</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=39+Conduit+Road&amp;rft.pub=CTBUH&amp;rft_id=http%3A%2F%2Fbuildingdb.ctbuh.org%2Fbuilding.php%3Fbuilding_id%3D2989&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3A39+Conduit+Road" class="Z3988"></span></span> </li> <li id="cite_note-HLDacquires-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-HLDacquires_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-HLDacquires_2-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="http://www.hld.com/eng/news/getnews.asp?id=130">"Henderson Land Acquires Interests in Shatin and Conduit Road Developments"</a> (Press release). Henderson Land Developments. 9 June 2008<span class="reference-accessdate">. Retrieved <span class="nowrap">22 October</span> 2009</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&amp;rft.genre=unknown&amp;rft.btitle=Henderson+Land+Acquires+Interests+in+Shatin+and+Conduit+Road+Developments&amp;rft.pub=Henderson+Land+Developments&amp;rft.date=2008-06-09&amp;rft_id=http%3A%2F%2Fwww.hld.com%2Feng%2Fnews%2Fgetnews.asp%3Fid%3D130&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3A39+Conduit+Road" class="Z3988"></span></span> </li> <li id="cite_note-wra-3"><span class="mw-cite-backlink">^ <a href="#cite_ref-wra_3-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-wra_3-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://archive.today/20121209140221/http://www.worldrecordsacademy.org/business/most_expensive_apartment-Hong_Kong_flat_sets_world_record_90382.htm">"Most expensive apartment-Hong Kong flat sets world record"</a>. <i>World Records Academy</i>. 21 October 2009. Archived from <a rel="nofollow" class="external text" href="http://www.worldrecordsacademy.org/business/most_expensive_apartment-Hong_Kong_flat_sets_world_record_90382.htm">the original</a> on 9 December 2012<span class="reference-accessdate">. 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"Flats' buyers missed out on millions". <i>South China Morning Post</i>. p.&#160;B1.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=South+China+Morning+Post&amp;rft.atitle=Flats%27+buyers+missed+out+on+millions&amp;rft.pages=B1&amp;rft.date=2009-11-14&amp;rft.aulast=Liu&amp;rft.aufirst=Yvonne&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3A39+Conduit+Road" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text">Yiu, Derek (19 May 2010). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110629173923/http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&amp;art_id=98436&amp;sid=28295105&amp;con_type=3&amp;d_str=20100519&amp;sear_year=2010">"Lee family ties up record land bid"</a>, <i>The Standard</i></span> </li> <li id="cite_note-17"><span class="mw-cite-backlink"><b><a href="#cite_ref-17">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.scmp.com/property/hong-kong-china/article/1936025/foreclosed-luxury-flat-hong-kongs-39-conduit-road-offered">"Foreclosed luxury flat at Hong Kong's 39 Conduit Road offered for HK$37m less than price paid in 2014"</a>. <i>South China Morning Post</i>. 14 April 2016. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20210226172229/https://www.scmp.com/property/hong-kong-china/article/1936025/foreclosed-luxury-flat-hong-kongs-39-conduit-road-offered">Archived</a> from the original on 26 February 2021<span class="reference-accessdate">. Retrieved <span class="nowrap">22 January</span> 2021</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=South+China+Morning+Post&amp;rft.atitle=Foreclosed+luxury+flat+at+Hong+Kong%27s+39+Conduit+Road+offered+for+HK%2437m+less+than+price+paid+in+2014&amp;rft.date=2016-04-14&amp;rft_id=https%3A%2F%2Fwww.scmp.com%2Fproperty%2Fhong-kong-china%2Farticle%2F1936025%2Fforeclosed-luxury-flat-hong-kongs-39-conduit-road-offered&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3A39+Conduit+Road" class="Z3988"></span></span> </li> <li id="cite_note-18"><span class="mw-cite-backlink"><b><a href="#cite_ref-18">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="http://news.mingpao.com/20091023/ema1.htm">"Editorial – Floor numbering"</a>. <i>Ming Pao</i>. 23 October 2009. <a rel="nofollow" class="external text" href="https://web.archive.org/web/20091026143847/http://news.mingpao.com/20091023/ema1.htm">Archived</a> from the original on 26 October 2009<span class="reference-accessdate">. Retrieved <span class="nowrap">23 October</span> 2009</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Ming+Pao&amp;rft.atitle=Editorial+%E2%80%93+Floor+numbering&amp;rft.date=2009-10-23&amp;rft_id=http%3A%2F%2Fnews.mingpao.com%2F20091023%2Fema1.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3A39+Conduit+Road" class="Z3988"></span></span> </li> <li id="cite_note-19"><span class="mw-cite-backlink"><b><a href="#cite_ref-19">^</a></b></span> <span class="reference-text">Leader (25 March 2010), "Our property market has to be transparent", <i>South China Morning Post</i></span> </li> <li id="cite_note-20"><span class="mw-cite-backlink"><b><a href="#cite_ref-20">^</a></b></span> <span class="reference-text">Ng Kang-chung (27 March 2010), "Developer faces heat over deals", <i>South China Morning Post</i></span> </li> <li id="cite_note-21"><span class="mw-cite-backlink"><b><a href="#cite_ref-21">^</a></b></span> <span class="reference-text">Yiu, Derek (1 April 2010), <a rel="nofollow" class="external text" href="https://web.archive.org/web/20110629163543/http://www.thestandard.com.hk/news_detail.asp?pp_cat=1&amp;art_id=96535&amp;sid=27598868&amp;con_type=1&amp;d_str=20100401&amp;sear_year=2010">Henderson must explain</a></span> </li> <li id="cite_note-wsj-22"><span class="mw-cite-backlink">^ <a href="#cite_ref-wsj_22-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-wsj_22-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-wsj_22-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text">Cheng, Jonathan (16 June 2010). <a rel="nofollow" class="external text" href="https://www.wsj.com/articles/SB10001424052748703513604575310082143261378?mod=WSJ_Commercial_sections_RealEstate">Henderson Land Calls Cancellations 'Standard'</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20200915024644/https://www.wsj.com/articles/SB10001424052748703513604575310082143261378?mod=WSJ_Commercial_sections_RealEstate">Archived</a> 15 September 2020 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a>, <i>The Wall Street Journal</i></span> </li> <li id="cite_note-23"><span class="mw-cite-backlink"><b><a href="#cite_ref-23">^</a></b></span> <span class="reference-text"><a rel="nofollow" class="external text" href="http://www.info.gov.hk/gia/general/201006/17/P201006170213.htm">"Government to follow up on 39 Conduit Road transactions"</a> <a rel="nofollow" class="external text" href="https://web.archive.org/web/20220121214900/https://www.info.gov.hk/gia/general/201006/17/P201006170213.htm">Archived</a> 21 January 2022 at the <a href="/wiki/Wayback_Machine" title="Wayback Machine">Wayback Machine</a> Government of Hong Kong, 17 June 2010</span> </li> <li id="cite_note-24"><span class="mw-cite-backlink"><b><a href="#cite_ref-24">^</a></b></span> <span class="reference-text">Wong, Olga; Leung, Paggie &amp; Ng, Joyce (16 June 2010). "Record Mid-Levels flat sales fall through", <i>South China Morning Post</i></span> </li> <li id="cite_note-25"><span class="mw-cite-backlink"><b><a href="#cite_ref-25">^</a></b></span> <span class="reference-text">Lo, Clifford; Sito, Peggy (18 February 2011). "Buyers quizzed over Henderson flat sales fiasco", <i>South China Morning Post</i></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=39_Conduit_Road&amp;action=edit&amp;section=9" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li><span class="noviewer" typeof="mw:File"><a href="/wiki/File:Commons-logo.svg" class="mw-file-description"><img alt="" src="//upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/12px-Commons-logo.svg.png" decoding="async" width="12" height="16" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/18px-Commons-logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/24px-Commons-logo.svg.png 2x" data-file-width="1024" data-file-height="1376" /></a></span> 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href="/wiki/The_Belcher%27s" title="The Belcher&#39;s">The Belcher's</a></li> <li><a href="/wiki/Bellagio_(Hong_Kong)" title="Bellagio (Hong Kong)">Bellagio</a></li> <li><a href="/wiki/Belvedere_Garden" title="Belvedere Garden">Belvedere Garden</a></li> <li><a href="/wiki/Beverly_Hill_(Hong_Kong)" class="mw-redirect" title="Beverly Hill (Hong Kong)">Beverly Hill</a></li> <li><a href="/wiki/The_Beverly_Hills" class="mw-redirect" title="The Beverly Hills">The Beverly Hills</a></li> <li><a href="/wiki/Braemar_Hill_Mansions" title="Braemar Hill Mansions">Braemar Hill Mansions</a></li> <li><a href="/wiki/The_Cairnhill" title="The Cairnhill">The Cairnhill</a></li> <li><a href="/wiki/Caribbean_Coast" class="mw-redirect" title="Caribbean Coast">Caribbean Coast</a></li> <li><a href="/wiki/Celestial_Heights" title="Celestial Heights">Celestial Heights</a></li> <li><a href="/wiki/Chelsea_Court" title="Chelsea Court">Chelsea Court</a></li> <li><a href="/wiki/City_Garden" title="City Garden">City Garden</a></li> <li><a href="/wiki/The_Cliveden" title="The Cliveden">The Cliveden</a></li> <li><a href="/wiki/Coastal_Skyline" class="mw-redirect" title="Coastal Skyline">Coastal Skyline</a></li> <li><a href="/wiki/The_Cullinan" title="The Cullinan">The Cullinan</a></li> <li><a href="/wiki/Discovery_Park_(Hong_Kong)" title="Discovery Park (Hong Kong)">Discovery Park</a></li> <li><a href="/w/index.php?title=The_Dynasty_(Hong_Kong)&amp;action=edit&amp;redlink=1" class="new" title="The Dynasty (Hong Kong) (page does not exist)">The Dynasty</a></li> <li><a href="/wiki/East_Point_City" title="East Point City">East Point City</a></li> <li><a href="/wiki/Fairview_Park_(Hong_Kong)" title="Fairview Park (Hong Kong)">Fairview Park</a></li> <li><a href="/wiki/Florient_Rise" title="Florient Rise">Florient Rise</a></li> <li><a href="/wiki/Grand_Promenade" title="Grand Promenade">Grand Promenade</a></li> <li><a href="/wiki/Grand_Waterfront" title="Grand Waterfront">Grand Waterfront</a></li> <li><a href="/wiki/The_Grandiose" title="The Grandiose">The Grandiose</a></li> <li><a href="/wiki/Harbour_Green" class="mw-redirect" title="Harbour Green">Harbour Green</a></li> <li><a href="/wiki/Harbour_Place" title="Harbour Place">Harbour Place</a></li> <li><a href="/wiki/The_Harbourside" class="mw-redirect" title="The Harbourside">The Harbourside</a></li> <li><a href="/wiki/The_Harbourfront_Landmark" title="The Harbourfront Landmark">The Harbourfront Landmark</a></li> <li><a href="/wiki/Heng_Fa_Chuen" title="Heng Fa Chuen">Heng Fa Chuen</a></li> <li><a href="/wiki/Highcliff" title="Highcliff">Highcliff</a></li> <li><a href="/wiki/Hong_Kong_Garden_(Hong_Kong)" title="Hong Kong Garden (Hong Kong)">Hong Kong Garden</a></li> <li><a href="/wiki/Hong_Kong_Gold_Coast" title="Hong Kong Gold Coast">Hong Kong Gold Coast</a></li> <li><a href="/wiki/Hong_Kong_Parkview" title="Hong Kong Parkview">Hong Kong Parkview</a></li> <li><a href="/wiki/Hunghom_Bay_Centre" title="Hunghom Bay Centre">Hunghom Bay Centre</a></li> <li><a href="/wiki/Island_Harbourview" title="Island Harbourview">Island Harbourview</a></li> <li><a href="/wiki/Island_Resort_(Hong_Kong)" title="Island Resort (Hong Kong)">Island Resort</a></li> <li><a href="/wiki/Kingswood_Villas" title="Kingswood Villas">Kingswood Villas</a></li> <li><a href="/wiki/Kornhill" title="Kornhill">Kornhill</a></li> <li><a href="/wiki/Kwai_Chung_Plaza" title="Kwai Chung Plaza">Kwai Chung Plaza</a></li> <li><a href="/wiki/Lime_Stardom" title="Lime Stardom">Lime Stardom</a></li> <li><a href="/wiki/Laguna_City" title="Laguna City">Laguna City</a></li> <li><a href="/wiki/Laguna_Verde_(Hong_Kong)" title="Laguna Verde (Hong Kong)">Laguna Verde</a></li> <li><a href="/wiki/The_Latitude" title="The Latitude">The Latitude</a></li> <li><a href="/wiki/Le_Point_(Hong_Kong)" class="mw-redirect" title="Le Point (Hong Kong)">Le Point</a></li> <li><a href="/wiki/The_Leighton_Hill" title="The Leighton Hill">The Leighton Hill</a></li> <li><a href="/wiki/LOHAS_Park" title="LOHAS Park">LOHAS Park</a></li> <li><a href="/wiki/The_Long_Beach" title="The Long Beach">The Long Beach</a></li> <li><a href="/wiki/Luk_Yeung_Sun_Chuen" title="Luk Yeung Sun Chuen">Luk Yeung Sun Chuen</a></li> <li><a href="/wiki/Man_Wah_Sun_Chuen" title="Man Wah Sun Chuen">Man Wah Sun Chuen</a></li> <li><a href="/wiki/Manhattan_Hill" title="Manhattan Hill">Manhattan Hill</a></li> <li><a href="/wiki/Maritime_Square" title="Maritime Square">Maritime Square</a></li> <li><a href="/wiki/The_Masterpiece_(Hong_Kong)" title="The Masterpiece (Hong Kong)">The Masterpiece</a></li> <li><a href="/wiki/Mayfair_Gardens" title="Mayfair Gardens">Mayfair Gardens</a></li> <li><a href="/wiki/Miami_Beach_Towers" title="Miami Beach Towers">Miami Beach Towers</a></li> <li><a href="/wiki/Mei_Foo_Sun_Chuen" title="Mei Foo Sun Chuen">Mei Foo Sun Chuen</a></li> <li><a href="/wiki/The_Merton" title="The Merton">The Merton</a></li> <li><a href="/wiki/Metro_City_(Hong_Kong)" title="Metro City (Hong Kong)">Metro City</a></li> <li><a href="/wiki/Metro_Harbour_View" title="Metro Harbour View">Metro Harbour View</a></li> <li><a href="/wiki/Metro_Town" title="Metro Town">Metro Town</a></li> <li><a href="/wiki/Nam_Fung_Sun_Chuen" class="mw-redirect" title="Nam Fung Sun Chuen">Nam Fung Sun Chuen</a></li> <li><a href="/wiki/Nob_Hill_(Hong_Kong)" title="Nob Hill (Hong Kong)">Nob Hill</a></li> <li><a href="/wiki/Ocean_One_(Hong_Kong)" title="Ocean One (Hong Kong)">Ocean One</a></li> <li><a href="/wiki/Ocean_Pointe" title="Ocean Pointe">Ocean Pointe</a></li> <li><a href="/wiki/Private_housing_estates_in_Hong_Kong#Sai_Kung_District" title="Private housing estates in Hong Kong">Ocean Shores</a></li> <li><a href="/wiki/One_Silversea" class="mw-redirect" title="One Silversea">One Silversea</a></li> <li><a href="/wiki/Opus_Hong_Kong" title="Opus Hong Kong">Opus Hong Kong</a></li> <li><a href="/wiki/Oscar_by_the_Sea" title="Oscar by the Sea">Oscar by the Sea</a></li> <li><a href="/wiki/Parc_Oasis" title="Parc Oasis">Parc Oasis</a></li> <li><a href="/wiki/Park_Avenue,_Central_Park_(Hong_Kong)" title="Park Avenue, Central Park (Hong Kong)">Park Avenue and Central Park</a></li> <li><a href="/wiki/Park_Central_(Hong_Kong)" title="Park Central (Hong Kong)">Park Central</a></li> <li><a href="/wiki/Park_Island" title="Park Island">Park Island</a></li> <li><a href="/wiki/Radiant_Towers" title="Radiant Towers">Radiant Towers</a></li> <li><a href="/wiki/Rambler_Crest" title="Rambler Crest">Rambler Crest</a></li> <li><a href="/wiki/Redhill_Peninsula" title="Redhill Peninsula">Redhill Peninsula</a></li> <li><a href="/wiki/The_Repulse_Bay" title="The Repulse Bay">The Repulse Bay</a></li> <li><a href="/wiki/Residence_Oasis" title="Residence Oasis">Residence Oasis</a></li> <li><a href="/wiki/Riviera_Gardens" title="Riviera Gardens">Riviera Gardens</a></li> <li><a href="/wiki/Royal_Peninsula" title="Royal Peninsula">Royal Peninsula</a></li> <li><a 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