Former non-official Executive Council member receives handsome profit from property investments

Posted: Aug 25 2014Last Updated: Jul 14 2017
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22 August 2014 - In line with the continuously rising residential sales market, Franklin Lam Fan-keung, a former non-official member of the Executive Council of Hong Kong, has continued to profit from sales of several luxury properties.
 
After receiving a handsome profit of over HK$7.8 million on the sale of a low floor unit at “Casa Bella” at Caine Road earlier this year, Oriental Daily News reported that Franklin Lam recently sold another luxury apartment at “Sorrento” at Kowloon Station.
 
The transacted unit is located on a high floor of Tower 1 at “Sorrento" and was sold for HK$23.28 million. Lam bought the apartment in 2004 and adds a further HK$14.90 million to profits from property investments this year.
 
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