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>>
$64M Hong Kong Mansion Marketed by Receivers as Evergrande Liquidation Continues
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>>
Buyer Linked to Mainland Billionaire Xu Hang Bags Mansion on Hong Kong’s Peak for $107M
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>>
Receivers Launch Tender for Shenzhen Billionaire’s $269M Pad on Hong Kong’s Peak
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>>
Pair of Peak Mansions Trade for $71.5M and More Asia Real Estate Headlines
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>>
Mansion on Hong Kong’s Peak Eyes Asia Price Record and More Asia Real Estate Headlines
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>>
Creditors Close in on Sale of Evergrande Founder’s Seized $112M Hong Kong Mansion
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>>
Swire Group Sells Hong Kong Luxury Project to Fund for $128M
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.
HNA Creditors Sell Seized Luxury Home on Hong Kong’s Peak for $50M
Four months after HNA chairman Chen Feng was detained by the Hainan police, creditors of his bankrupt empire have sold off a Hong Kong luxury home used by the jailed billionaire at a markdown of HK$116 million ($14.9 million) from… Read More>>
Home on Hong Kong’s Peak Sells for $74.8M as City’s Luxury Market Rages
An apartment on Hong Kong’s posh Victoria Peak sold last week for HK$583.2 million ($74.8 million), as bullish sentiment continues to sustain luxury home prices in the world’s most expensive housing market despite the COVID-19 pandemic entering its third year.