https://hongkong.asiaxpat.com/Utility/GetImage.ashx?ImageID=b01f7743-89ad-4e0a-a893-d36251c88b2c&refreshStamp=0
A mansion in Twelve Peaks at 12 Mount Kellett Road is on sale for HK$330 million (US$42 million), down from HK$450 million six years ago
Distressed sales in Hong Kong’s luxury property market persist, with a mansion on The Peak now listed at two-thirds the purchase price six years ago.
The three-storey detached house in Twelve Peaks at 12 Mount Kellett Road, developed by Sun Hung Kai Properties, has been put up for sale for HK$330 million (US$42 million) by the creditor, according to Colliers, which has been appointed as the sole agent for the asset.
Yip Yuen Sai bought the property for HK$450 million in 2019, according to the Land Registry. Yip is the founder of Shenzhen-listed Grandland Group, according to local media reports.
https://www.scmp.com/business/article/3314331/yet-another-distressed-seller-puts-peak-luxury-property-sale-30-discount