One of the world's most expensive luxury property markets is becoming a lot cheaper
Hong Kong’s superluxury homes have lost more than a quarter of their value. Prices haven’t hit the bottom yet.
Source: livemint.com
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Kaisa CEO's Hong Kong Luxury Home Sells at 15% Loss
A home in Hong Kong's Pok Ful Lam area once owned by Kaisa Group boss Mai Fan has been sold by receivers for HK$300 million.
Source: mingtiandi.com
Kaisa vice-chairman's Bel-Air villa is for sale in Hong Kong at discount as developer disposes of assets to raise capital amid crippling debt
Kaisa is struggling to raise cash as it faces US$11.4 billion of outstanding bonds and US$200 million of perpetual notes coming due in 2026, according to Bloomberg’s data.
Source: scmp.com