The purchase price of the property reflects the carrying value of the property by Mandarin Oriental as of June 30, 2025, based on a market valuation of the property prepared by an
independent valuation firm.
Mandarin Oriental International has sold the 13 floors of One Causeway Bay to Alibaba and Ant Group for US$925 million ($1.2 billion).
Alibaba and Ant Group have acquired this space as their headquarters in Hong Kong, as well as the building’s rooftop signage and 50 parking spaces. The total property is 301,555 square feet.
