One of three luxury mansions on The Peak in Hong Kong, formerly owned by China Evergrande (3333) chairman Hui Ka-yan has been issued with a removal order in June after unauthorised structures exceeding 6,000 square feet were found, according to a local media report.
The property, located at 10E Black’s Link, is among three houses that have been seized by creditors and put on the market following Evergrande’s debt crisis.
The report said the mansion included a raised platform of more than 1,000 sq ft at its main entrance, as well as a roughly 5,000-sq-ft basement allegedly constructed by excavating a backfilled area beneath the house.
The platform, which was reportedly fitted with wooden decking and concrete, included staircases connecting the mansion’s main entrance and a side passage.
Building plans indicate the area between the platform and the adjacent car park was originally designed as flat ground with no steps or elevation changes, according to the report.
It also cited the Buildings Department as saying the mansion’s lower level had undergone extensive illegal alterations and extensions, and that the receivers would appoint qualified professionals to carry out the removal order.
Hui had purchased three mansions, 10B, 10C and 10E, at Black’s Link. In November 2022, he pledged two mantions 10C and 10E, which had a combined estimated value of around HK$1.5 billion at that time, to a finance company.
10B was taken over by a bank and put up for a mortgagee sale by the end of 2022. The mansion was reportedly sold for HK$448 million, about 49 percent, or nearly half, below its 2023 valuation of HK$880 million.
STAFF REPORTER
