"Pokfulam Peak" in Pokfulam sold for HKD 135 million, depreciating by 50% over seven years

Pokfulam Peak is a villa that recently changed hands for HKD 135 million. The original owner purchased it for about HKD 271 million in 2018 and subsequently took out loans from different financial companies five times between 2021 and 2022, ultimately becoming a distressed property. The owner initially listed it for HKD 180 million but eventually reduced the price by HKD 45 million, selling it for HKD 135 million, representing a significant depreciation of 50% over approximately seven years.

The villa is located at 92B Pokfulam Peak, with a usable area of 4,273 square feet, consisting of four bedrooms, and features a garden of about 1,085 square feet and a rooftop of 1,051 square feet