News Ed's Must Reads

Property developer chairman sells Hong Kong flat at 54% loss

ORIGINAL POST
Posted by Ed 4 mths ago
 
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.  
 
The flat is located in Hamburg Villa in the Kowloon Tong district of Hong Kong. It was purchased by Joint Smart Development—a company directed by Chen—in 2018 for HK$31 million. 
 
 

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