Property News · July 8, 2020

Hong Kong actor Nicholas Tse’s former home sells for US$1.8 million loss, casts shadow on city’s luxury housing market


The former home of actor and singer Nicholas Tse in Hong Kong’s Southern district recently sold for a loss of up to HK$14 million (US$1.8 million), casting a shadow over the city’s luxury housing market.The 2,583 sq ft house in The Redhill Peninsula was this week sold for HK$60 million, or HK$23,229 per square foot, according to agents. Its former owners bought the house for HK$70 million in 2012, according to Land Registry documents. When expenses such as stamp duties and commission are…

Source : South China Morning Post
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