{"id":109978,"date":"2019-08-17T06:30:04","date_gmt":"2019-08-16T23:30:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/missing-tycoon-xiao-jianhuas-relatives-sell-causeway-bay-shop-for-a-massive-31-per-cent-loss\/"},"modified":"2019-08-17T07:03:06","modified_gmt":"2019-08-17T00:03:06","slug":"missing-tycoon-xiao-jianhuas-relatives-sell-causeway-bay-shop-for-a-massive-31-per-cent-loss","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/missing-tycoon-xiao-jianhuas-relatives-sell-causeway-bay-shop-for-a-massive-31-per-cent-loss\/","title":{"rendered":"Missing tycoon Xiao Jianhua\u2019s relatives sell Causeway Bay shop for a massive 31 per cent loss"},"content":{"rendered":"


\nA shop in Causeway Bay, owned by relatives of Chinese billionaire Xiao Jianhua, the founder of the troubled Tomorrow Group, was sold at a massive loss as they start unwinding their property portfolio in the city.On Thursday, Xiao Yonghong and Sun Darui, the younger sister and brother-in-law of the missing tycoon, offloaded a 337 square feet retail unit at Causeway Place shopping centre for HK$18 million, according to Land Registry data. The couple had paid HK$26.23 million (US$3.34 million) in\u2026
\n
\nSource : South China Morning Post
\nRead more…Missing tycoon Xiao Jianhua\u2019s relatives sell Causeway Bay shop for a massive 31 per cent loss<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A shop in Causeway Bay, owned by relatives of Chinese billionaire Xiao Jianhua, the founder...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109978","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sBQ","jetpack-related-posts":[{"id":110026,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/some-chinese-investors-suffer-big-losses-after-panicking-and-dumping-property-investments-in-hong-kong\/","url_meta":{"origin":109978,"position":0},"title":"Some Chinese investors suffer big losses after panicking and dumping property investments in Hong Kong","date":"August 20, 2019","format":false,"excerpt":"\r Some mainland Chinese investors who bought properties in Hong Kong at high prices several years ago have panicked amid souring sentiment and sold at big losses of up to HK$8.2 million.For instance, Xiao Yonghong and Sun Darui, the younger sister and brother-in-law of missing Chinese billionaire Xiao Jianhua \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/derelict-buildings-on-prime-site-in-causeway-bay-may-finally-be-in-line-for-redevelopment-as-two-families-sell-their-minority-stake-for-up-to-hk1-8-billion\/","url_meta":{"origin":109978,"position":1},"title":"Derelict buildings on prime site in Causeway Bay may finally be in line for redevelopment as two families sell their minority stake for up to HK$1.8 billion","date":"August 17, 2021","format":false,"excerpt":"\r The final hurdle standing in the way of plans to redevelop three dilapidated buildings in the heart of Causeway Bay may soon be cleared.Two families have decided to auction off their 20 per cent stake in the plot in one of the Hong Kong\u2019s busiest commercial districts, in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":109978,"position":2},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bay-retail-landlord-offers-to-cut-rent-by-44-per-cent-as-prada-closes-flagship-store-next-year-amid-dwindling-foot-traffic\/","url_meta":{"origin":109978,"position":3},"title":"Causeway Bay retail landlord offers to cut rent by 44 per cent as Prada closes flagship store next year amid dwindling foot traffic","date":"August 19, 2019","format":false,"excerpt":"\r The landlord of Prada\u2019s retail store in Causeway Bay is offering to slash monthly rent by 44 per cent next year when the Italian fashion house shuts its flagship outlet on Hong Kong Island, succumbing to dwindling shoppers\u2019 foot traffic.The Milanese company will close its 15,000-square foot (1,393 square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/","url_meta":{"origin":109978,"position":4},"title":"Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit","date":"July 9, 2020","format":false,"excerpt":"\r Tsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s most expensive retail neighbourhood for the first time in its history. Causeway Bay, which had held the accolade until now, has been hit harder by sluggish luxury goods sales.Tsim Sha Tsui, which is home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/csi-properties-sells-j-plus-hotel-and-an-adjacent-site-in-causeway-bay-for-hk1-7-billion\/","url_meta":{"origin":109978,"position":5},"title":"CSI Properties sells J Plus hotel and an adjacent site in Causeway Bay for HK$1.7 billion","date":"January 9, 2017","format":false,"excerpt":"\r CSI Properties announced on Monday that it has sold its J Plus hotel and an adjacent site in Causeway Bay for HK$1.7 billion to finance its new projects in Hong Kong and on the mainland. The company said the asset disposal would reap a gain of HK$1 billion. Proceeds\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109978"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109978"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}