Market Chatter: Bank of East Asia Seeks HK$1 Billion for Peak Mansion

MT Newswires Live

6 hours ago

The Bank of East Asia (HKG:0023) is seeking at least HK$1 billion for a luxury mansion at 15 Gough Hill Road, six months after taking it over for HK$790 million, Bloomberg News reported, citing agents familiar with the plan.

The 18,078-square-foot home includes six en-suites, a reading room, nearly 14,900 square feet of outdoor space, and a 2,788-square-foot garage. The bank has refreshed the exterior to draw buyers, according to the report.

The property was reportedly bought in 2016 by Cheung Kei Group chairman Chen Hongtian from Chuang's Consortium International (HKG:0367) for about HK$2.1 billion, then a record on a per-square-foot basis.

It was seized in 2025 after a loan default, at roughly 62% below Chen's purchase price, it added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The bank has refreshed the exterior to draw buyers, according to the report.</p><p>The property was reportedly bought in 2016 by Cheung Kei Group chairman Chen Hongtian from Chuang's Consortium International (HKG:0367) for about HK$2.1 billion, then a record on a per-square-foot basis.</p><p>It was seized in 2025 after a loan default, at roughly 62% below Chen's purchase price, it added.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SKIS","symbol_name":"Peak Resorts, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2614720157","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2614720157","pubTimestamp":1771983036,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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The bank has refreshed the exterior to draw buyers, according to the report.The property was reportedly bought in 2016 by Cheung Kei Group chairman Chen Hongtian from Chuang's Consortium International (HKG:0367) for about HK$2.1 billion, then a record on a per-square-foot basis.It was seized in 2025 after a loan default, at roughly 62% below Chen's purchase price, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}