- Chu offloaded a hotel in Tin Hau in June at almost half what he paid in 2017, and sold an under-construction project in Quarry Bay at a big loss
- The couple’s remaining commercial properties include the Nexxus Building in Central and several houses in Severn 8, a luxury project on The Peak
A Hong Kong businessman whose wife was arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market.
Eric Chu is offloading properties ranging from a hotel to luxury flats in Hong Kong, sometimes at a significant loss after his Vietnamese wife, Truong My Lan, became embroiled in one of the most high-profile scandals in the Southeast Asian nation.
The couple have commercial real estate valued at about HK$8 billion (US$1 billion) in the city after already selling at least HK$1 billion worth of properties in the past few months.