Xu Jiayin's Hong Kong mansion was auctioned for 470 million Hong Kong dollars, which exploded on the Internet. Everyone has discussed that the changes in the assets of this business tycoon have also involved his private mansion.
This mansion is located in Block B, No. 10 Bulli Drive, Hong Kong, which was acquired by Xu Jiayin through a company transfer in 2010. At that time, the market valuation was as high as 800 million Hong Kong dollars. But no one expected that with the financial difficulties encountered by Evergrande Group in recent years, Xu Jiayin's personal assets would also be auctioned.
Speaking of which, the fate of this mansion is also quite tortuous. Back in 2021, after Evergrande's liquidity crisis, the mansion was mortgaged by Xu Jiayin to China Construction Bank (Asia) as a relief measure for the then overdue bonds. At that time, everyone thought that this was just a temporary capital turnover problem of Evergrande Group, but they didn't expect things to develop to this point.
At the beginning of March last year, the mansion was put on the market and ready for sale. At that time, the valuation was as high as HK$880 million. But I don't know if it's because of the market environment, or if buyers are waiting, this luxury house has not been successfully sold. Until recently, it was sold for HK$470 million. Although the price is much lower than the original price and the valuation of a year ago, it is enough to prove the value and status of this luxury home.
After netizens saw the news, they also had a lot of discussions. Someone said: "This Xu Jiayin is really powerful, with 3.9 billion yuan to leverage 200 billion assets, admire and admire!" The "3.9 billion" here may refer to the total amount involved in the purchase and sale of the mansion by Xu Jiayin, while the "200 billion" may refer to the total liabilities or market value of Evergrande Group.
But then again, the auction of this luxury house also shows us the financial difficulties faced by Evergrande Group. As a former real estate giant, Evergrande Group has indeed encountered a lot of challenges in recent years. But Xu Jiayin, as the founder, has been trying to find a solution, hoping to lead the company out of the predicament.
Of course, the auction of this mansion also shows us the cruelty and ruthlessness of the business world. With the operation of capital, everything can become so fast and straightforward. But that's the beauty of business, because it opens our eyes to endless possibilities and opportunities.
For us ordinary people, such mansions and huge sums of money are out of reach. However, there are also some things we can learn from this. For example, in the face of difficulties and challenges, we must remain calm and think rationally; When making decisions, weigh the pros and cons and consider the long-term implications. These are all lessons that we can learn from in our daily lives.
So, what do you think of Xu Jiayin's mansion being auctioned? Do you think this is an inevitable consequence of the business world, or do you think Xu Jiayin should be able to have a better solution? Welcome to leave a message in the comment area to discuss!
Finally, we would also like to say to everyone that no matter what kind of difficulties and challenges we face, we should maintain a positive attitude and firm beliefs. Only in this way will we be able to overcome all difficulties and achieve our dreams and goals.
So, let's do it together!