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Hong Kong rich
Property developer Agile’s chairman loses $16M over Hong Kong luxury flat fire sales
Chen Zhuolin, chairman of Chinese property developer Agile Group, has sold nine flats in a luxury project in Hong Kong at 53-63% discounts, incurring losses of HK$123 million (US$15.8 million).
China’s tycoons sell luxury Hong Kong homes at steep discounts
Hong Kong billionaire Yeung Kin-man buys 4 mansions worth $141M
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
