50% Discount?

The owner bought the 3.3k sf hse in 2006 at US$90m. However, as mkt continues to fall, the hse near Victoria Peak, one of the most prestigious addresses in Hong Kong, was sold at HK$76m which was less than half its asking price of HK$190m.

Analysts are expecting a 30% drop in prices for the city's high-end properties as banks tighten mortgage policies.

* AsiaOne-HK *