Mugabe’s Hong Kong mansion reportedly sold for R59,5million

At a time when millions of Zimbabwean citizens are living in extreme poverty, the erstwhile leader and his family  are  raking in millions from the alleged sale of a property he but during his time in government.

Series of media reports have it that a mansion allegedly owned by the former Zimbabwean President Robert Mugabe’s family in Hong Kong has been sold for R59,5million (US$4.3million).

Mugabe reportedly bought the villa at R77.5million ($5.6 million) in 2008 when his daughter Bona began studying at the University of Hong Kong.

Grace Mugabe and Bona had been staying in the villa on and off since 2008 while the latter attended the City University of Hong Kong.

The luxurious apartment, house 3 of JC Castle has been sold for  R59,5million (US$4.3 million), a loss of 15 per cent from its 2008 purchase price according to Century 21 Deluxe Home Property, which handled the transaction.

The agency involved in the deal did not identify the buyer.

READ: Zim regresses to ancient poverty: Zimbabweans own 100% of the land with 95% unemployment


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