McDonald's has sold its first restaurant property in the New Territories to Keen Charm Holdings (HK) Limited for HK$120 million (approximately US$15.3 million), with the agreement signed on August 31, according to data from the Hong Kong Land Registry. The property, located at 10-22 Market Street, Tsuen Wan, covers the ground floor to the second floor. Company Registry data shows that Ngan Chi-hung, Ngan Chi-wai, and Ngan Tuet-ching are directors of the buyer company, and are reportedly members of the family behind Hong Kong toy manufacturer May Cheong Group. This move continues McDonald's year-long trend of selling self-owned properties and reflects the return of "long-dormant old money" to Hong Kong's retail property market.