Stephen Chow Forced To Mortgage HK Mansion Worth RM606 Million?

The Covid-19 pandemic has hit the world severely that even the rich and famous are not spared. Just ask Stephen Chow (周星馳).

It was revealed this week that the Hong Kong filmmaker – who turns 58 tomorrow (Monday, 22nd June) – had reportedly been forced to mortgage his mansion in The Peak to cope with financial woes.

Hong Kong news outlet Apple Daily claimed that the legendary actor-director had mortgaged his expensive hill-top mansion at 12 Pollock’s Path (one of the most priciest neighbourhood) to J.P. Morgan Chase Bank earlier in March 2020. The publication added that the mortgage was signed by Stephen’s elder sister Kelly Chow.

For those curious, the celebrity previously acquired the property, aptly called Skyhigh, for HK$320 mil (~RM176 mil) in 2004. A buyer had also offered to pay HK$1.1 billion (~RM606 mil) for his 5,711 square foot mansion with panoramic views but Stephen declined it.

While some suspect that the comedic icon may be struggling financially, others argued that Stephen is putting his property up for sale so that he can continue to fund his pending movie projects after investments have dried out.

Source: 8Days.