Xia Haijun, former CEO of the beleaguered Chinese property giant, China Evergrande Group, is reportedly selling his Hong Kong residence for a whopping HK$160 million (RM95.6 million), as per the Hong Kong Economic Times.
Xia, who left his role at Evergrande in July, has been under scrutiny following a probe into allegations of his involvement in the diversion of US$2 billion in loans acquired by Evergrande Property Services, an Evergrande unit. The former CEO couldn’t be reached for comment regarding the property sale.
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According to a property agent cited by the Hong Kong newspaper, the sale isn’t a rush job as the property isn’t over-leveraged.
Xia’s property, a lavish 2,835-net-square-foot duplex apartment, is located in North Point Mid-Levels on Hong Kong Island. Xia acquired the property from New World Development in 2019, shelling out HK$156 million, as revealed by Land Registry records.
Situated on the 32nd and 33rd floors, the apartment offers breathtaking views of Victoria Harbour. It also boasts a spacious 654-square-foot balcony and a 1,159-square-foot terrace equipped with a pool. The sale of this high-end property, amid ongoing financial investigations, is bound to stir interest in real estate and financial circles.
This news is based on a report from Malay Mail.
