Hong Kong investor Eric Chu Nap-kee saw the $819 million sale of his Nexxus Building in the city’s Central district rank as Asia Pacific’s second-biggest real estate asset sale of 2023, but he will struggle to enjoy that victory as… Read More>>
Family of Jailed Vietnamese Tycoon Sells Hong Kong’s Nexxus Building for $819M
The family of jailed Vietnamese property tycoon Truong My Lan has sold a grade A office building in Hong Kong’s Central district to entities linked to a Taiwanese tech tycoon for a reported HK$6.4 billion ($819 million), as the family… Read More>>
Jailed Vietnamese Property Tycoon, 85 Accomplices Indicted for Allegedly Embezzling $12B
Jailed Vietnamese property tycoon Truong My Lan, whose family built a cache of properties in Hong Kong and Singapore worth hundreds of millions of dollars, has been indicted with 85 co-defendants on charges of embezzling VND 304 trillion ($12 billion)… Read More>>
Vietnam-Linked Eric Chu Sells Quarry Bay Site at 36% Off Following Wife’s Arrest
A few months after the fraud arrest of his wife in Ho Chi Minh City, local businessman Eric Chu Nap-Kee has sold a commercial and residential site on Hong Kong island at the heavily discounted price of HK$435 million ($55.46… Read More>>
Eric Chu Said to Be Buyer of HK$678M Quarry Bay Site and More Hong Kong Real Estate Headlines
Leading today’s Hong Kong real estate news, ethnic Vietnamese businessman Eric Chu Nap Kee is said to have snatched up another Hong Kong island site for HK$678 million. Also in the headlines, Goodwin Gaw has a plan for raising revenue… Read More>>