Like many other forward-thinking celebs with deep pockets, power couple Tony Leung and Carina Lau are both keen investors in property and real estate. However, not every venture is guaranteed to have fruitful returns.
According to Hongkong media reports, three shop lots in the To Kwa Wan area, which Tony purchased in 2014, were acquired by a consortium that made an application to put them up for compulsory auction. There appear to be no reports on the reason for the acquisition nor why the units are being forced to be sold.
While the 57-year-old actor spent HK$15mil (S$2.7mil) on the shops six years ago, the current market value is estimated to be just HK$8.39mil (S$1.5mil), which means that if the auction goes through, he could lose over HK$6.6mil (S$1.2mil).