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Hong Kong developer sells luxury mansion for 69 million dollars at a loss
GateNewsBot
According to Gate News bot and Bloomberg, Hong Kong developer Market Maker International Limited is selling a luxury property in the upscale area of Deep Water Bay at nearly a 20% discount to seek cash in the fragile real estate market.
According to a document submitted to the Hong Kong Stock Exchange on Thursday evening, the property located at 37 Island Road will be sold to Annex W Group Ltd., a company under Wu Jingtao, for no more than HK$538 million (US$69 million).
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