Patrick Kwok Ho-chuen’s QF Capital is selling a residential site on Hong Kong Island at 24 per cent below its acquisition cost
Hong Kong property investors have continued to put up assets for sale at a loss as a tariff war between the US and China escalates, unsettling a market that has already struggled to overcome years of distress.
Bridgeway Prime Shop Fund Management sold a ground-level shop at One Eighty in Shau Kei Wan for HK$20.1 million (US$2.6 million) on April 8, founder Edwin Lee said, implying a 20 per cent loss. The fund paid HK$25 million each on average for two ground-level lots and a first-floor shop in the building in July 2023.
https://www.scmp.com/business/article/3305999/investors-dump-hong-kong-properties-20-loss-tariff-war-dents-recovery-hopes