HK's $255M Peak Luxury Homes Sell at Loss

Picture this: you shell out a staggering $255 million for some of the priciest pads on Hong Kong's legendary Peak Road, the kind of address that screams old money and untouchable status. Fast forward a few years, and you're offloading them via public tender—expected to take a bath on the deal. That's the rough spot Hong Kong businessman Chan King-wai finds himself in right now, according to the South China Morning Post.

A Quick Recap of the Transaction

Chan snapped up these luxury...