Summary:
- Far East Consortium will sell a Hong Kong student accommodation project to a JD.com unit for HK$750 million, marking JD.com’s second major Hong Kong property purchase in under a year.
- FEC will continue managing the asset for three years after completion and guarantee HK$45 million of annual income during that period.
- The sale is expected to generate a HK$423 million disposal gain, help repay debt, and reflects continued investor interest in Hong Kong student housing amid strong non-local student demand.
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