A luxury duplex flat once owned by Chinese actress Vicki Zhao Wei and her former husband, Huang Youlong, did not find a buyer at an auction on Wednesday even after the current owner priced the property significantly below what the couple paid 13 years ago.
The reserve price for the property was set at HK$49 million (US$6.3 million), a 32 per cent discount to the HK$72 million Zhao and Huang paid in 2012, according to filings from the Land Registry.
The 3,494 sq ft, four-bedroom unit on the 38th and 39th floors and two car parking spaces at The Westminster Terrace in Tsuen Wan, New Territories, did not receive any bids at an auction conducted by AA Property Auctioneers.
Less than 10 of the 52 properties, including parking spaces, residential units and office spaces that were put up for auction, were sold. Some 80 people turned up for the auction.
“As the property market has been stabilised after the government removed all curbs in February last year, we have seen more transactions,” said Peter Au, managing director at AA Property Auctioneers.
