- Couple’s remaining properties are worth about $1 billion
- Real estate sales are a drag on Hong Kong’s slumping market
A Hong Kong businessman whose wife was arrested in Vietnam has emerged as the latest desperate seller in the city’s increasingly turbulent property market.
Eric Chu is offloading properties ranging from a hotel to luxury apartments in Hong Kong, sometimes at a significant loss after his Vietnamese wife became embroiled in one of the most high-profile scandals in the Southeast Asian nation.
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