Luxury Properties With Fire Sale Prices
René Ammann | 1. December 2024
Trophy homes in Hong Kong, such as in Frank Gehry's Opus Hong Kong, are being liquidated — “sold at fire sale prices,” per the New York Times. (Photo: Exploringlife/Wikimedia Commons)
Price paid in 2024 for a European-style home in Hong Kong owned by Hui Ka Yan, founder of the onetime property giant China Evergrande, who in 2009 paid $130 million (€124 million) for it: $58 million (€55.3 million)