Hong Kong Bank Tries to Sell Mansion It Bought at Huge Discount

A Hong Kong bank that failed to sell a seized mansion at a steep discount last year is trying again as the luxury real estate market swings back to life.

Bank of East Asia Ltd. is seeking to sell the luxury home at 15 Gough Hill Road for at least HK$1 billion ($128 million) after purchasing the property six months ago, according to agents familiar with the plans.