GFI Colliers, a joint venture between interdealer broker GFI Group and property services firm Colliers International, says it brokered the first long-dated Asian over-the-counter property option in Hong Kong in May. The broker did not reveal the value of the trade.
The trade between Goldman Sachs and Lehman Brothers was based on the University of Hong Kong's Hong Kong Island Residential Price Index. This index tracks general residential price movement on Hong Kong island.
The trade demonstrates th