Hong Kong mansion sells at 60% of broker’s estimate


8 Purves Road, located in Wan Chai’s Jardine’s Lookout area. – Bloomberg

HONG KONG: A mansion in Hong Kong has been sold for HK$360 million (US$46 million), at about 60 per cent of what agents estimated, adding to a growing list of luxury properties trading at heavy discounts.

A house at 8 Purves Road, located in Wan Chai’s Jardine’s Lookout area, 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 912sq m.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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China , Hong Kong , property slump

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