21 May – It was reported that Hong Kong superstar Tony Leung was one of the property owners forced to auction off their buildings for redevelopment.
As reported on Epoch Times, the actor who acquired three first-floor street-level shops in an old building in To Kwa Wan in the early years of his career, reportedly had to sell the property at a market value of HKD 8.39 million.
It is noted that Tony originally purchased the said property for HKD 15 million, which meant that he may suffer a loss of HK$6.61 million.
The property is reportedly sought by investors related to the Pong Yuen Group, the building's majority owner. It is said that more forced sales of old buildings around Hong Kong will be happening in the coming months as the market has turned for the worse.
Both Tony and wife Carina Lau have not given any response to reports about the forced auction.
(Photo Source: Carina Lau Instagram)