Mystery Buyer Puts 27 FLATS Up for Sale at a Loss | HK Weekend Property Market Recap

One mystery buyer, reportedly with a mainland Chinese background, spent around HK$226 million last year to acquire 29 units across three new developments.
Among these, 27 units have recently been listed for sale at a loss-making total price of around HK$159 million, about HK$42.01 million lower than their original purchase price.
In April and October last year, the buyer spent a total of nearly HK$226 million to acquire six units each at The Grands in To Kwa Wan and The Grand Marine in Tsing Yi, as well as 17 units at Manor Hill in Tseung Kwan O.
Save for one special unit at The Grands and one four-bedroom unit at The Grand Marine that were withheld from sale, the remaining 27 units were recently put on the market, and all asking prices for these units are below their original purchase prices.
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