How Grace and Bona Mugabe Lost their Hong Kong Mansion

A luxury Hong Kong villa where Grace Mugabe had lived with her daughter Bona was reportedly sold for $4.3 million (almost R60 million). This is around 15% less than the price it was bought for, which was $5.6 million.

The house is part of JC Castle, a cluster of villas named after Chinese action hero Jackie Chan, according to the South China Morning Post.

“A loss is in this area is unusual,” said Thomas Lo, director of Century 21 Deluxe Home Property, who sold the house.

While he didn’t identify the seller, he did say it is a “foreigner” who was not currently living in Hong Kong. Former Zimbabwean president Robert Mugabe is believed to own the home, although there have been legal disputes surrounding ownership.

While Hsieh Ping Sung, also known as Jack Ping, a Taiwanese-born businessman based in South Africa who was once a close associate of Mugabe, bought the property in 2008 at cost from a company called Cross Global, the Zimbabwean government went on to sue both Ping and Cross Global, claiming full ownership and saying Ping had been holding the property on trust.

Mugabe and his family had been staying in the villa since 2008 while Bona attended university in Hong Kong.