McDonald's sells Hong Kong property for US$15.3M as old money returns to retail

McDonald's sold the property housing its first New Territories restaurant for HK$120 million, continuing a year-long sell-down of self-owned shops in Hong Kong. The buyer, Keen Charm Holdings, is linked to 'long-dormant old money' re-entering the retail property market. This signals a potential bottoming in Hong Kong retail real estate, though the transaction is small and may not indicate a broad trend.