Chen Hongtian, chairman of Shenzhen Cheung Kei Group and member of the Chinese People's Political Consultative Conference, had three office buildings and mansions in Hong Kong that were taken over by the emigration within two months and were ready for auction.

(taken from the Internet)

[Compile Lu Yongshan/Comprehensive Report] The collapse of China's real estate market has dragged down economic growth and slowed down. Coupled with the recent rise in interest rates, many real estate tycoons are unable to repay their mortgages due to poor cash flow. taken over by the bank.

The latest case is Chen Hongtian, chairman of Shenzhen Cheung Kei Group and member of the Chinese People's Political Consultative Conference. His office building "Cheung Kei Center" and two mansions located at No. 18 Hung Luen Road, Hung Hom, Kowloon, were taken over by banks within 2 months and prepared for auction , The real estate he bought for nearly 7 billion Hong Kong dollars (approximately NT$27.16 billion) is currently estimated to be between 4 billion and 6.7 billion Hong Kong dollars (approximately NT$15.52 billion to 25.996 billion).

　Another source pointed out that the two office buildings held by Chen Hongtian in Canary Wharf in the United Kingdom - 5 Churchill Place and 20 Canada Square were not spared, and were also taken over and carried out by banks. auction.

Chen Hongtian borrowed a total of 440 million pounds (approximately NT$16.561 billion) from British banks for these two properties.

At present, Chen Hongtian has lost contact.

Please read on...

　Chen Hongtian, who is known as a rich man in Shenzhen and has a Hong Kong ID card, once taught in a middle school in Guangdong, worked in a trading company in the 1980s, and founded the Cheung Kei Group in 1990. Hong Kong was originally unknown, but between 2015 and 2016, He bought the above-mentioned real estate for nearly 7 billion yuan in Hong Kong three times, and immediately attracted the attention of the market.

　However, Chen Hongtian was reported to be in financial difficulties in 2018, and he mortgaged his real estate to the bank many times. At that time, he responded: "Which famous commercial building in Hong Kong does not have a mortgage?" claiming that this is a normal financing arrangement.

　In addition to Chen Hongtian, Xu Jiayin, the head of China Evergrande Group, has a villa with a market value of HK$700 million in Blackfield Drive, Victoria Peak, Hong Kong, which will be taken over by the bank in November 2022. Although his other two villas in the same area have not yet been taken over by the bank, they have also been mortgaged. Waiting for the financial company to deal with, the 3 villas are worth 2.5 billion Hong Kong dollars (approximately NT$9.7 billion); in other words, Xu Jiayin's 3 luxury houses in Hong Kong have all been mortgaged to borrow money.

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