Agile Group Chairman Chen Zhuo-lin Sells Kowloon Tong Mansion, Loses HK$17 Million and 54% of Value in 6 Years

In June 2018, through Joint Smart Development Limited, Chen Zhuo-lin purchased the property, including a parking space, for HK$30.975 million. After holding the property for six years, the resale resulted in a severe loss of HK$16.695 million, with the property value declining by 54%.

Records show that in the same year, Chen also acquired three more units on the same floor, involving a total of about HK$73.353 million.

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