Creditors put tycoon Chen Hongtian’s US$86 million Frank Gehry-designed Hong Kong flat up for sale
- The HK$680 million (US$86.72 million) flat in Opus Hong Kong has been put up for sale by tender by the receivers, according to Savills
- Fifth-floor unit ‘easily one of the most precious residential properties in Asia’, Savills executive says
A HK$680 million (US$86.72 million) flat he owned in Opus Hong Kong in eastern Mid-Levels has been put up for sale by tender by the receivers, according to a statement by Savills, which said it had been appointed the sole agent for the deal.
The flat’s current market valuation stands at HK$680 million, Savills told the Post.
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“Its value is extraordinary, making it easily one of the most precious residential properties in Asia,” Thomas See, senior associate director, investment CEO office of Savills, said with regard to Opus Hong Kong.
Tuesday’s developments come a day after One HarbourGate East Tower in Hung Hom was also put up for sale through a tender by receivers. “I will ask lawyers to study it,” Chen told the Post when shown a Savills statement about the tower on Sunday.
The open tender for the Opus Hong Kong flat, which comes with two parking spaces, is to be closed at noon on August 8 tentatively and will see the property sold on an “as is” basis in its current condition with non-vacant possession, which means it may not be empty.
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Developed by Swire Properties on a site long possessed by the company as a home for its executives, Opus Hong Kong is the fruit of a collaboration with Frank Gehry – it is his first and only residential project in Asia.
The 5,154 sq ft flat comprises five bedrooms, of which four are ensuites, a study, a living room, a dining room and a kitchen. It has an open-plan design and a ceiling height of more than four metres, and is the only unit on the entire floor, the Savills statement said.
The building twists to give each of its 12 flats a unique floor plan, and is only a nine minutes’ drive away from the business district and SoHo in Central.