Receivers of a luxury property on The Peak linked to top Evergrande executive put the asset up for sale
- Centaline Property Agency and CBRE have been appointed as sole co-agents to sell the ultra-luxury property on The Peak
- The mansion being put on the market is 10B, Black’s Link, which could be valued at over HK$800 million
Receivers of a Hong Kong luxury property owned by a company linked to top China Evergrande executive have put the asset on The Peak up for sale in an attempt to recover unpaid bills.
Centaline Property Agency and CBRE have been appointed as sole co-agents to sell the ultra-luxury property on The Peak, they said in a joint statement on Thursday.
The mansion being put on the market is 10B, Black’s Link, which could be valued at over HK$800 million (US$101.9 million) given comparable properties on The Peak are valued at HK$140,000 to HK$150,000 per square foot, a source familiar with the sale process said.
It is owned by Better Vision, whose director is Tan Haijun, according to a companies search. Tan is also the director of Giant Hill, which owns 10C and 10E, Black’s Link, according to Land Registry data. Hui Ka-yan, Evergrande’s founder and chairman, resigned as a director of Giant Hill on July 30,2021. On the same day, Tan Haijun was appointed as Giant Hill’s director.
Dozens of potential buyers have inquired about the house, of which over 60 per cent are local ultra-rich families and tycoons, and around 30 per cent are from the mainland, the agents said.
