唐华斑竹
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The largest loss record in Hong Kong's residential history is born! Purchased for a sky-high price 9 years ago, now suffering a huge loss of HKD 1.3 billion, the original owner is the mysterious wealthy Chen Hongtian from Shenzhen.
15 Gough Hill Road, Hong Kong Image source | Hong Kong Wen Wei Po
On August 19, the largest loss in the Hong Kong residential market occurred.
The luxurious mansion at 15 Gough Hill Road, held by Chen Hongtian or related parties of the Xiangqi Group, was sold for HKD 790 million after nearly two years of bidding.
The property was purchased for HKD 2.1 billion in 2016 and has now depreciated by HKD 1.31 billion, a decline of 62.4%, with a price per square foot of approximately HKD 43,700 (1 square foot is approximately 0.0929 square meters).
(Daily Economic News) Reporters noted that this property was taken over by East Asia Bank in 2023 due to financial issues, becoming a bank-owned property, and after multiple bid cutoffs and delays, a buyer was finally found. The usable area of the property is 18,000 square feet, accompanied by a nearly 10,000 square foot garden and 2,788 square feet of parking space, with a floor price once reaching HKD 227,400.
On August 19, the largest loss in the Hong Kong residential market occurred.
The luxurious mansion at 15 Gough Hill Road, held by Chen Hongtian or related parties of the Xiangqi Group, was sold for HKD 790 million after nearly two years of bidding.
The property was purchased for HKD 2.1 billion in 2016 and has now depreciated by HKD 1.31 billion, a decline of 62.4%, with a price per square foot of approximately HKD 43,700 (1 square foot is approximately 0.0929 square meters).
(Daily Economic News) Reporters noted that this property was taken over by East Asia Bank in 2023 due to financial issues, becoming a bank-owned property, and after multiple bid cutoffs and delays, a buyer was finally found. The usable area of the property is 18,000 square feet, accompanied by a nearly 10,000 square foot garden and 2,788 square feet of parking space, with a floor price once reaching HKD 227,400.
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