Thaksin makes a fortune on Hong Kong mansion
- Published: 29 Jul 2012 at 00.00
- Newspaper section: News
The Shinawatra family has been enjoying more than birthday cake in Hong Kong with revelations that a property deal there netted the clan a 75 million baht windfall.
Thaksin Shinawatra has sold his three-storey home in the King's Park Hill estate of Hong Kong, shown in this photo on Saturday from a real estate agent's website, (Homes.Mitula.hk). Thaksin bought the home in 2007 for a reported US$27 million, said to be a record Asia price.
Property filings obtained last week confirm that a 183 million baht mansion in the prestigious King's Park Hill area of Kowloon, owned by Thaksin's daughter Paetongtarn since early 2009, was sold to a Hong Kong private company for 258 million baht early last year - a return of 41%.
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