Property News · July 5, 2018

Troubled HNA pledges luxury house on Hong Kong’s Victoria Peak for loan as it tries to repay debts


HNA Group, once China’s most aggressive overseas buyer, is aiming to use a luxury house on Hong Kong’s exclusive Victoria Peak as collateral for a loan to help pay off debts incurred during its global shopping spree.
House 6 at Twelve Peaks – one of the most expensive residences in Asia in square footage terms – has been on the market for sale but has so far failed to attract a buyer because of its high price tag, according to a source familiar with the deal.
The asking…

Source : South China Morning Post
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