
Real Estate
China’s nightmare: becoming the next Japan
By Marcus Chen
Financial Times
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The former father-in-law of slain Hong Kong socialite Abby Choi Tin-fung received a cash rebate of nearly HK$7 million (US$891,900) after buying a HK$72 million flat using the model’s money, a court has heard. Property agent Marco Wong Tak-sing told the High Court on Wednesday that Kwong Kau had requested a share of the agency’s profit from the 2019 sale of the luxury flat at the Kadooria development in Ho Man Tin. The court previously heard that Choi issued two cheques and bought two cashier’s...