Evergrande’s former CEO puts Hong Kong home on market for $27.6 million
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Mr Hui Ka Yan stepped down as Evergrande CEO in July last year after a probe found he was involved in diverting loans worth US$2 billion.
PHOTO: REUTERS
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HONG KONG - China Evergrande Group’s former chief executive officer Hui Ka Yan
Mr Hui stepped down from the embattled Chinese property developer in July 2022 after a probe found he was involved in diverting loans worth US$2 billion (S$2.7 billion) secured by unit Evergrande Property Services.
The Hong Kong newspaper, citing a property agent, said the property was not over-leveraged and Mr Hui was not looking for a fire sale.
Mr Hui bought the 2,835 net sq ft duplex flat in North Point Mid-Levels on Hong Kong island from New World Development in 2019 for HK$156 million, according to records from the Land Registry.
The home on the 32nd and 33rd floors, which overlooks the Victoria Harbour, includes a 654 sq ft balcony and 1,159 sq ft terrace with a pool. REUTERS
