Ping An boss buys TST flat for $45m

Business | Kevin Xu 2 Jun 2020

Ping An Insurance (2318) chief financial officer Jason Yao Bo bought a 1,215-sq-ft flat at Grand Austin in Tsim Sha Tsui for HK$45 million.

The selling price was 30.3 percent higher than what the vendor had paid in 2014.

In the secondary market, a 504-sq-ft flat at Villa Esplanada in Tsing Yi changed hands for HK$9.7 million after HK$300,000 was cut from the asking price.

In the primary market, a buyer forfeited a deposit of HK$150,000 after calling off the purchase of a 509-sq-ft flat at Grand Regentville in Fanling, which was offered at HK$7.38 million. Another forfeiture came at Ayton in Kowloon Tong, with a buyer giving up a HK$1.03 million deposit after canceling the purchase of a 677-sq-ft flat priced at HK$20.52 million.

Meanwhile, Poly Property (0119) collected HK$1.3 billion after selling 40 units at Vibe Centro in Kai Tak in May.

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