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Opus Hong Kong

Distressed Mainland Tycoon Sells Condo on Hong Kong’s Peak for $66M

2025/04/13 by Michael Cole, Iris Hong Leave a Comment

A decade after buying Asia’s priciest condo, a mainland tycoon who defaulted on loan obligations linked to his purchase of a Quarry Bay office complex has sold the home on Hong Kong’s Peak for HK$512 million ($66 million), according to… Read More>>

Hong Kong Investor Ho Shung-Pun Sells Third Peak Home for $129M Amid Cash Crunch

2024/10/11 by Kevin He Leave a Comment

A mansion in Hong Kong’s prestigious Peak area once owned by local investor Ho Shung-Pun has been sold by creditors, marking the third piece of Ho’s property portfolio to be offloaded in three months as the indebted investor continues to… Read More>>

Biel Crystal founder Yeung Kin-man

Mansions on Hong Kong’s Peak Sold to Touchscreen Tycoon for $141M to Repay Gaw Loan

2024/07/11 by Kevin He Leave a Comment

A set of four mansions in Hong Kong’s prestigious Peak area have sold for HK$1.1 billion ($141 million), marking a 50 percent decline from the height of the market in 2021, as even the city’s elite show signs of financial… Read More>>

Evergrande Real Estate Group Chairman of the Board Hui Ka-yan attends Evergrande Real Estate result announcement at the JW Marriott in Admiralty. 29MAR16 SCMP/ Nora Tam

$64M Hong Kong Mansion Marketed by Receivers as Evergrande Liquidation Continues

2024/03/01 by Kevin He Leave a Comment

A second Hong Kong mansion linked to China Evergrande Group’s fallen chairman Xu Jiayin has been put up for sale after being seized by receivers, as creditors liquidate assets in the wind-up of what was once China’s largest developer.

Receivers… Read More>>

Xu Hang

Buyer Linked to Mainland Billionaire Xu Hang Bags Mansion on Hong Kong’s Peak for $107M

2024/01/22 by Kevin He Leave a Comment

A luxury house in Hong Kong’s prestigious Peak area was sold to a Chinese buyer for HK$838 million ($107 million) in a rare purchase of a super-luxury property by a mainlander amid the city’s protracted property slump.

The mansion at… Read More>>

Chen Hongtian of Cheung Kei

Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak

2023/08/14 by Michael Cole Leave a Comment

A Shenzhen tycoon’s trophy case may soon be stripped bare as receivers for the creditors of Cheung Kei Group chairman Chen Hongtian on Monday launched a tender for his former mansion on Hong Kong’s Victoria Peak.

Savills formally kicked off… Read More>>

Hongkong skyline

Pair of Peak Mansions Trade for $71.5M and More Asia Real Estate Headlines

2023/07/13 by Christopher Caillavet Leave a Comment

In today’s roundup of regional headlines, a report says two mansions at Hong Kong’s Peak changed hands at a heavily discounted price, and developer GSH agrees to sell nine strata office units in Singapore’s downtown.  Also, in the news, Hong… Read More>>

45 Barker Road Hong Kong

Mansion on Hong Kong’s Peak Eyes Asia Price Record and More Asia Real Estate Headlines

2023/03/23 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, a mainland buyer circles a Hong Kong mansion for a potential record-breaking deal, and Evergrande’s restructuring plan receives lukewarm reviews.

Barker Road Mansion Set to Sell for Record Price Per… Read More>>

10 Black's Link

Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion

2023/03/12 by Beatrice Laforga Leave a Comment

Evergrande boss Xu Jiayin still holds the reins of what was once China’s biggest builder, but his pile of assets is getting whittled down with an HK$880 million ($112.1 million) mansion formerly held by the developer said to be nearing… Read More>>

merlin swire

Swire Group Sells Hong Kong Luxury Project to Fund for $128M

2022/12/12 by Pawara Laothamatas Leave a Comment

Swire Group has sold a luxury housing compound on Hong Kong’s Peak for HK$1 billion ($128.3 million), in what has been tallied as the city’s most expensive luxury property deal so far this year on a per square foot basis.

… Read More>>

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