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    06 Mar 2024

    裕泰興羅氏家族撈底入市 6780萬元購赤柱屋仔
    The Law family of Yu Tai Hing jumped into the market and purchased Stanley House for $67.8 million


    After the real estate market completely cooled off, the atmosphere in the second-hand property market improved significantly. However, the number of bank owners' mortgagee sales exceeded 300 units and after the hot weather was lifted, banks continued to sell properties at reduced prices, and many celebrities took advantage of the low price to buy. For example, members of the Yu Tai Hing Law family purchased the mortgagee sale of Horizon Ridge in Stanley for $67.8 million. Information shows that the single-numbered house at Horizon Ridge at Nos. 38 and 48 Horizon Drive in Chung Hom Kok, Stanley, has a usable area of 2,503 square feet. The original owner purchased it for $70 million as early as 2010. However, he repeatedly increased the mortgage. The bank once offered the house for $116 million, but the house has not been accepted in the past five years. It was recently sold for $67.8 million, a $48.2 million reduction from the peak, a decrease of about 41%. It is reported that the new buyer is Leung Yuen ling (ELINA), the wife of Law Sau Fai Francis, the "Prince" of the Yu Tai Hing family.