Hong Kong property: Agile chairman Chen Zhuolin loses US$16 million in distress sale

Quick Summary:

Chen Zhuolin sold nine units in Hamburg Villa, valued at HK$213 million (US$27.3 million), for about HK$90 million.

Other high-profile casualties include the family of Ho Shung-pun and the family of late shop king Tang Shing-bor.

The flats were sold at discounts between 53 per cent and 63 per cent.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Group Chen Nine According Zhuolin Units Villa Sold Hamburg Million Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-26 @ 08:00:14 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23863188

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