Super-rich losing millions as some Hong Kong trophy homes sell at painful discounts

Hong Kong has seen a string of cut-price deals for super-luxury homes in recent months, with financially pressured owners accepting eye-watering losses to exit the market even as demand for trophy homes remains strong.

Among the latest examples is the sale of a Bel-Air luxury house for HK$138 million (US$17.6 million), about HK$37 million below the price the former owner paid for the property in 2018.