Evergrande's former CEO puts Hong Kong home on market for $20.4 million

Hong Kong Economic Times Holdings

23/06/2023 04:54

HONG KONG, June 23 (Reuters) - China Evergrande Group's
 3333.HK  former CEO Xia Haijun is selling his home in Hong Kong
for HK$160 million ($20.43 million), Hong Kong Economic Times
reported on Friday. 
    Xia stepped down from the embattled Chinese property
developer in July after a probe found he was involved in
diverting loans worth $2 billion secured by unit Evergrande
Property Services  6666.HK .
    The Hong Kong newspaper, citing a property agent, said the
property was not over-leveraged and Xia was not looking for a
fire sale. 
    Xia could not be reached for a comment.
    Xia bought the 2,835-net-square-foot duplex flat in North
Point Mid-Levels on Hong Kong island from New World Development
 0017.HK  in 2019 for HK$156 million, according to records from
the Land Registry.
    The home on the 32nd and 33rd floors, which overlooks the
Victoria Harbour, includes a 654-square-foot balcony and
1,159-square-foot terrace with a pool.

($1 = 7.8304 Hong Kong dollars)

 (Reporting by Clare Jim; Editing by Gerry Doyle)
 ((clare.jim@thomsonreuters.com;))