The latest news comes from Xu Jiayin's mansion, and his Hong Kong mansion is about to be listed**. The mansion is located at 10 Burley Trail, Tower E and has been taken over by creditors. The three-storey detached mansion has a private garden and an indoor elevator and has a saleable area of approximately 4,933 square feet. It is estimated that the market value of the luxury property is around HK$500 million, or more than HK$100,000 per square foot**. The mansion is ideally located and offers expansive views of Deep Water Bay and Repulse Bay South with dual ocean views, surrounded by verdant mountains and a high degree of privacy. The property is located close to the intersection of Wong Nai Chung Gap Road and Repulse Bay Road.
According to public information, Xu Jiayin purchased three villas at No. 10 Bulli Trail on the Peak in 2010, namely Block B, Block C and Block E, with a total market value of about HK$2.5 billion. In order to alleviate the financial dilemma, Xu Jiayin mortgaged the three mansions successively after the Evergrande thunderstorm. In 2021, the villas in Blocks C and E were mortgaged to ORIX Lending for financing. In October 2022, Xu Jiayin mortgaged Villa B to China Construction Bank (Asia) as a forbearance for overdue bonds, and in March 2023, it was officially taken over by China Construction Bank (Asia). After the takeover, the villa was put on the market for sale by way of tender, and although there were several inquiries from buyers, it was eventually repossessed due to the unsatisfactory intentions received. In November 2023, villas in Block C and Block E were also taken over by creditors, and the market value of these two luxury properties once exceeded HK$1.5 billion.
Bulli Trail has long been regarded as a traditional luxury residential area in Hong Kong, where many celebrity owners gathered, including the Cheng family, the Stanley Ho family and the family of Law Knitwear founders, the Lo Ting-pong family.
In addition, Hui Jiayin's ex-wife Ding Yumei recently filed a lawsuit in the High Court of Hong Kong to recover debts totaling more than HK$1 billion between her and Hui Jiayin's second son, Hui Tenghe. According to the documents, according to the loan agreement signed between the plaintiff and the defendant on 16 June 2020, the defendant failed to repay the loan to the plaintiff on the agreed repayment date, so the plaintiff claimed HK$7 from the defendant$324.8 billion, including loan principal amount of HK$500 million, interest of HK$45 million and daily overdue interest of over HK$180,000; US$40.97 million, including principal of US$30 million, interest of US$2.7 million and daily overdue interest of US$8.27 million.
It is reported that Xu Jiayin has been taken compulsory measures in accordance with the law on suspicion of violating the law and committing crimes, and Ding Yumei has already handled a "technical divorce" with Xu Jiayin as early as 2022. This time, Ding Yumei's debt collection from her biological son was called a "technical lawsuit" by the market, which may be to isolate risks, confirm the legitimacy of the creditor's rights, and finally protect part of the second son's property.