Real Estate
Hong Kong Mansion Sells at 60% of Broker’s Estimate
- A mansion at Jardine’s Lookout has been sold for $46 million
- Agents were appointed by receivers in April to sell the unit
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A mansion in Hong Kong has been sold for HK$360 million ($46 million), at about 60% of what agents estimated, adding to a growing list of luxury properties trading at heavy discounts.
A house at 8 Purves Road, located in the Jardine’s Lookout area in Wan Chai, has been sold to an entity called Talent Ample Ltd., according to land registry records. The property is a two-storey detached house with a site area of about 9,814 square feet (912 square meters).