When Karson Choi returned to Hong Kong a decade ago after studying in the US, his billionaire father tasked him with overseeing the refurbishment of Kowloon City Plaza, a tired shopping mall the tycoon family acquired from Morgan Stanley amid the 2008 financial crisis.
By sprucing up the tenant mix, introducing a 60,000-square-foot auto plaza, and even changing the colour of the restrooms, Choi transformed the ten-storey complex into a shopping landmark that yields an annual rental income of HK$150 million $19.2 million.
His efforts have paid off last month, the family sold the complex to a mainland Chinese businessman for HK$5 billion...
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