Story perspectives

HK Delegate Buys Villa Mortini for 44% Less

1/8/2026

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Summary

Story summary

Bunny Chan Chung-bun, a delegate from Hong Kong's National People's Congress and chairman of Prospectful Holdings, purchased Villa Mortini in Stanley for HK$310 million (US$39.8 million), about 44% below the price paid six years ago.
The seller, Gale Well Group, reduced the asking price from HK$520 million to HK$400 million before finalizing the sale.
The property comprises three residential blocks with nine units and ten parking spaces, yielding about 3%.

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Story summary

Bunny Chan Chung-bun, a delegate from Hong Kong's National People's Congress and chairman of Prospectful Holdings, purchased Villa Mortini in Stanley for HK$310 million (US$39.8 million), about 44% below the price paid six years ago.
The seller, Gale Well Group, reduced the asking price from HK$520 million to HK$400 million before finalizing the sale.
The property comprises three residential blocks with nine units and ten parking spaces, yielding about 3%.