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Hong Kong property
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Property developer Agile chairman sells Hong Kong flat at 54% loss
Chen Zhuolin, chairman and founder of the Chinese property developer Agile Group Holdings, sold a three-bedroom Hong Kong flat for HK$14.3 million (US$1.83 million), representing a 54% reduction from its original price.
Hong Kong billionaire Yeung Kin-man buys 4 mansions worth $141M
Yeung Kin-man, founder of the world’s largest smartphone glass producer, has acquired four mansions in Hong Kong in an estimated HK$1.1 billion (US$141 million) deal.
Wealthy Hong Kong families sell mansions at losses amid property market downturn
Rich families in Hong Kong are selling their villas, mansions and other properties, accepting losses of millions of dollars, to pay debt as the local property market struggles.
August 2, 2024 | 12:27 am PT