Merrill Lynch is planning to quit its investment in three Hong Kong properties.

The Merrill Lynch property investment unit had appointed the Asia Capital Markets department at property consultancy Jones Lang Lasalle to handle the sales, market sources said.

Merrill Lynch declined to comment.

The three properties are Silver Fortune Plaza in Central and Golden Plaza and Pakpolee Commercial Centre in Mong Kok, bought in 2007 for a total of about HK$1.368bn.

South China Morning Post