Creditors Put Tycoon Chen Hongtians US86 Million Frank Gehry Designed Hong Kong Flat Sale
Operated by Cheung Kei Group, the assets of tycoon Chen Hongtian have been facing significant challenges recently, with creditors now selling several of his Hong Kong-located properties. On Tuesday, Savills, who were appointed the sole agent for the deal, issued a statement announcing their plans to put a HK$680 million ($116 million) flat owned by Chen in Opus Hong Kong in eastern Mid-Levels up for sale by tender.
The Altura EC Qingjian Realty is one of the most highly anticipated projects of the year. Located in West Avenue 8, the project will be jointly developed by Qingjian Realty and Penrose Properties. The development will consist of 28 towers and 13,982 residential and commercial units. The residential units will include 1- to 5-bedroom apartments, while the commercial units will feature retail and office spaces. Residents will be able to enjoy an array of facilities such as a club house, swimming pool, …
