Cassette King’s US$55 million Hong Kong luxury house put on market amid distress

Quick Summary:

Sea-view property in Pok Fu Lam handed to receivers last week, according to Land Registry records; expressions of interest to end on July 8.

Interest rates in Hong Kong, which track policy moves in the US, reached the highest levels since 2007 before the Federal Reserve started cutting rates from September last year, crippling many overstretched borrowers.

It includes an 18,000 sq ft garden.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong Kong

Topics: Been House David Chan Hong Market Kong Property Savills Distressed Ping-chi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 14:05:47 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 230 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 28865956

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