Market Chatter: Hong Kong Property Investor Divesting Villas for HK$2 Billion

MT Newswires Live

2025/02/19

Hong Kong property investment company Gale Well Group will sell Jade Beach Villa at Chung Hom Kok in the city for HK$2 billion, The Standard reported Wednesday.

The developer will put up the villas for sale to reduce its debts amid high interest rates, the report said.

Gale Well Chief Executive Officer Jacinto Tong Men-leung said the debt reduction is part of the normal course of business, the report said.

Tong, however, did not disclose how much the company is in debt, The Standard said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"513600","symbol_name":"恒生指数ETF南方","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2512691123","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512691123","pubTimestamp":1739943982,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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