A landmark 73-storey skyscraper known as the Center has been sold by the city’s richest man, Li Ka-shing

A landmark skyscraper owned by Hong Kong’s richest man Li Ka-shing has sold for a record price of more than $5bn (£3.8bn), his company has confirmed, indicating the city’s booming property sector shows no sign of slowing down.

The rumoured sale of The Center, the city’s fifth-tallest building, was first reported last month.

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