A house at Residence Bel-Air previously owned by the CEO of Kaisa was sold for HK$300 million. Photo: Handout
A house at Residence Bel-Air previously owned by the CEO of Kaisa was sold for HK$300 million. Photo: Handout

Kaisa CEO lets go of Hong Kong luxury home at a 14 per cent loss in distress sale to pare debt

  • Mai Fan, the previous owner, bought the villa in 2017 for HK$350 million through Million Link Development
  • The company’s receivers sold the 3,953 sq ft two-storey villa in Pok Fu Lam at a discount of HK$50 million

A house at Residence Bel-Air previously owned by the CEO of Kaisa was sold for HK$300 million. Photo: Handout
A house at Residence Bel-Air previously owned by the CEO of Kaisa was sold for HK$300 million. Photo: Handout
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