Dec 13, 20202 min
Updated: Oct 11, 2022
Hong Kong property tycoon Tang Shing-bor, known as the “Shop King” , is seeking to offload a quarter of his family’s real estate portfolio after an ill-timed expansion at the top of the market. The Tangs have put more than HK$20 billion of real estate up for sale this year, according to property listings, news reports and filings tracked by Bloomberg, but they’ve managed to offload just $232 million.
Recent deals show the family has had to offer hefty discounts. The Tangs sold a plot of residential land last month for HK$351 million, well below the HK$450 million. Another residential site fetched HK$347 million in November, 20% less than the asking price. Stan Tang, Tang’s son said “Even though market sentiment is bad, property valuations haven’t decreased drastically.”
“You can’t sell at a good price these days,” our senior director Alex Leung told Bloomberg “If the owner’s financial ability allows, they would rather hold the properties because it’s likely for them to sell at a loss now.”
在香港发生内乱以及冠状病毒大流行引发了严重衰退之后,因六十年来积累了大量商铺资产而被誉为「铺王」的邓成波受到了沉重打击。根据彭博追踪的挂牌信息、新闻报导和提交文件,随着租金收入减少,他今年把家族房地产投资组合的四分之一拿出来兜售了。
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