"Harbour Mansion" Da Honghui Liang Shaohong sold Mount Nicholson four-bedroom mansion for HKD 323 million

According to the Land Registry, a low-floor four-bedroom mansion in Block A of Mount Nicholson Phase 2 was recently sold for HKD 323 million. The unit has a usable area of 4,564 square feet, translating to a price per square foot of approximately HKD 71,209.

The data shows that the unit was originally owned by Leung Siu-hung, founder and chairman of Great Harmony Holdings, who purchased it in 2016 for about HKD 312 million and held it for about 10 years, realizing a paper profit of approximately HKD 11 million upon sale. However, if the stamp duty and agency commission and other miscellaneous expenses incurred at the time of purchase are included, it is estimated that he actually lost over HKD 5 million upon exiting.

The buyer registered under EARTHSTONE LIMITED, with the company's director being Fu Songyang, the founder and director of Beijing Hengxiang Yongrui Trading Co., Ltd