28 Peak Road
Hong Kong. Unbranded. A billion-dollar house sold to pay a private loan.
Distress at the very top of the market, documented street by street. About HK$1.05 billion in November 2024, from the Ho Shung-pun (何崇本) family to Zhansheng Network Technology, per official records cited by SCMP — part of a portfolio liquidation reported at HK$3 billion to repay a Gaw Capital private loan.
The same family sold 99, 101 and 103 Plantation Road for a combined HK$828 million shortly before. Four houses on two Peak roads, sold by one family in one cycle, for one reason. Read as separate transactions they are four data points; read together they are a balance sheet.
This is why the register keeps a Chain of Record rather than a price list: a sale that looks like a market signal is often a liquidity event, and only the sequence shows which.
Who it is not for
Not for a reader treating the price as demand: this was a forced disposal against a loan. Not for anyone assuming the buyer is a family — it is a company.
Sources
- SCMP — 28 Peak Road at about HK$1.05bn, November 2024, Ho Shung-pun family to Zhansheng Network Technology, official records cited
- Mingtiandi — third Peak home sold amid a cash crunch; HK$3bn portfolio liquidation against a Gaw Capital loan
- SCMP — 99, 101 and 103 Plantation Road sold for a combined HK$828m
Verification
- Official source
- Not yet checked
- Inventory
- From official source
- Property confirmation
- Pending
- Last verified
- —
Booking
Private Residences records addresses; it does not broker them. Enquiries are passed to the party named in the record, and nothing on this site is an offer.
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