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Tycoon Sells Mount Nicholson Flat for HK$323 Million Loss

2/27/2026

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Summary

Story summary

Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group, sold his Mount Nicholson flat for HK$323 million (US$41.3 million).
He cited weak rental returns and difficulty finding tenants.
He bought the 4,566 sq ft property in 2016 for HK$312 million, about 3.5% below the sale price.
Leong may incur a loss after expenses.
Fu Songyang, a mainland entrepreneur and director of Earthstone, purchased the property.

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Story summary

Edwin Leong Siu-hung, chairman of Tai Hung Fai Enterprise Group, sold his Mount Nicholson flat for HK$323 million (US$41.3 million).
He cited weak rental returns and difficulty finding tenants.
He bought the 4,566 sq ft property in 2016 for HK$312 million, about 3.5% below the sale price.
Leong may incur a loss after expenses.
Fu Songyang, a mainland entrepreneur and director of Earthstone, purchased the property.