‘Haunted’ flat, scene of 1996 gas-poison murders in Hong Kong, sells with heavy discount — still makes a profit
Chan Ying-cheung’s deadly deeds cast a long shadow on this property’s resale value
A haunted flat in Tsuen Wan in which six people were poisoned and gassed to death in 1996 has finally found a buyer, who paid half the market price for the unit no one would touch.
Veteran haunted-home investor Chan Ying-kai, who owned the apartment, confirmed the sale, saying the deal was concluded on New Year’s Eve.
In 1996, a man killed his wife, three children and two tenants at the flat with a combination of poison and gas. The family had rented the flat but had fallen behind on payments because of business difficulties, forcing the family to sublet the 374 square foot to two other people.
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The man, Chan Ying-cheung, the sole survivor of that tragedy, was sentenced to an indefinite term at Siu Lam psychiatric centre.
Owner Chan Ying-kai will pocket a gain of HK$420,000 from the deal. He bought the 374 square foot unit of Tai Yuan House in Tsuen Wan Centre for HK$1.18 million in 2011.
Chan has had to cut the asking price twice before finding the willing buyers.
“These flats are not easy to sell as no banks will provide a mortgage,” he said.
The unit has been on lease to a woman for about five years. Chan decided to sell after the tenant, who bought a flat elsewhere, moved out.
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In December 10, a 329-sq-ft unit on the same floor at Tai Yuan House changed hands for HK$2.28 million, or HK$6,930 per sq ft.
“Overall, the fung shui of these haunted flats is usually not so good. If someone does not believe in fung shui, it is their own choice,” said Wong Man-chiu, a fung shui master.
“The Hello Kitty murder flat as well as other haunted flats are typically ill-lit, with little sunshine coming in,” he said. “Dark, negative thoughts are natural in these little homes with terrible fung shui.”