15 May 2014 –  A three party consortium of developers led by Emperor Group has acquired a luxury site in prestigious Shouson Hill for HKD2.71 billion (HKD30,888 /sq.ft). The South China Morning Post reports that this is within market expectations, with a recent sale in newly built neighbour development, Shouson Peak, achieving a price of approx. HKD80,000 /sq.ft. 20-30 houses are expected to be built on the land.