HONG KONG – Thaksin Shinawatra, the ousted prime minister of Thailand, may have failed in his bid to buy Britain’s Premier League soccer team, Manchester City, but at least he can reflect on his latest failure in style.
Reports from Hong Kong indicate Thaksin is the purchaser of a luxury townhouse on The Peak recently sold by Sun Hung Kai Properties – a property whose price tag of HK$41,000 per square foot set a record in Asia’s luxury property market.
A source close to the deal told the Hong Kong Standard it was billionaire Thaksin who paid an astounding HK$210 million for the 5,100 sq ft townhouse, referred to as House 1 at Severn 8, The Peak.
The source said, “It would require someone who either loves the property very much or who does not care about money at all to make the call of buying it for more than HK$41,000 per square foot.”
