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Thursday 03 July 2025
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Property developer chairman sells Hong Kong flat at 54% loss
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ORIGINAL POST
Posted by
Ed
11 mths ago
Property developer Agile chairman sells Hong Kong flat at 54% loss - VnExpress International
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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