A 17,260 square foot high-quality bungalow in Peirce Hill was sold for RMB 37 million, equivalent to RMB 2,144 per square foot. The seller is Kelly Chen, the wife of Kyle Davies, co-founder of the cryptocurrency hedge fund Three Arrows Capital (3AC)...
A 17,260 square foot high-quality bungalow in Peirce Hill was sold for RMB 37 million, equivalent to RMB 2,144 per square foot. The seller is Kelly Chen, the wife of Kyle Davies, co-founder of the cryptocurrency hedge fund Three Arrows Capital (3AC).
According to the Business Times on Tuesday (May 27), Chen Kaili purchased this 30-year villa located in the high-quality villa area of Ridout Park in 2021, and the purchase price was 28.8 million yuan that year.
It is reported that the buyer is the daughter of Suchad Chiaranussati, chairman and founder of SC Capital Partners Group. Xie Chongzhou's wife is the niece of Guo Lingming, executive chairman of urban development; the villa project in Mount Beiyashi was developed by urban development.
Due to the liquidation of Sanar Capital, the British Virginia Court ordered the freezing of the global assets of the founder and his family, and Chen Kaili was also one of them. Market observers say buyer's attorneys should have obtained relevant approvals to complete the transaction.
