Macau kingpin’s former ‘love nest’ belonging to Malaysian-American Mandy Lieu, finally sells for HK$81m in cut-price deal

The luxury Hong Kong flat once owned by Mandy Lieu – the former mistress of Macau gambling kingpin Alvin Chau Cheok-wa – has finally been sold at a steep loss for just over HK$81 million (US$10.3 million), according to market sources.

The flat on the 38th floor of the Argenta development in Hong Kong’s Mid-Levels West changed hands on Monday for HK$81.2 million – a price that is over 10 per cent lower than the amount Lieu reportedly paid to acquire the property 12 years ago.